Author Topic: Top forecasters see BoT rate cut weakening baht  (Read 622 times)

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Offline thaiga

Top forecasters see BoT rate cut weakening baht
« on: April 11, 2015, 01:57:47 PM »
Top forecasters see BoT rate cut weakening baht

The most accurate Asian currency forecasters see the baht, Southeast Asia’s best performer, falling on prospects the central bank will cut interest rates further to end deflation.

ABN Amro Bank NV and Australia & New Zealand Banking Group Ltd expect the Bank of Thailand to ease policy again before year-end and see baht losses of 4.3% and 5.7% respectively. The central bank unexpectedly lowered borrowing costs to 1.75% from 2% on March 11. The one-year swap rate is now 1.73%, just below the benchmark, repeating a signal that occurred before last month's reduction.

FULL STORY: Bangkokpost
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