Trump tariffs won’t yet force rate cut, says Bank of Thailand

Quick Summary:

Thailand's central bank defended its monetary policy stance as "robust" enough to withstand volatility from United States President Donald Trump's latest tariffs on trading partners, signalling that it may refrain from further easing after last week’s surprise cut.

While the central bank did not officially revise its forecast for 2.9% gross domestic product growth this year, officials said the expansion will likely come in at just over 2.5%.

The easing came after disappointing growth data and a direct appeal from Prime Minister Paetongtarn Shinawatra, whose administration has pushed for lower borrowing costs and a higher inflation target to stimulate consumption and lending.

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Article Details

Category: EconomyBusiness

Markets: ThailandCanadaChinaIndonesiaMexicoPhilippinesUnited States

Topics: Piti Thailand Bank Tariffs Monetary Central China Trump Policy Economy Stance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 13:40:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 764 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26660155

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Official Website: bangkokpost.com

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