Calls Grow for Another Thai Rate Cut as Baht Surge Dims Outlook
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Thai industry, under pressure from currency strength and the impact of the U.S.-China trade standoff, is looking to the Bank of Thailand for an economic lifeline.
Another quarter-point interest-rate cut would be “good for the baht and the economy,” Federation of Thai Industries Chairman Supant Mongkolsuthree said in an interview Tuesday, adding the domestic economy isn’t very strong. The federation is one the country’s largest trade associations, representing about 12,000 members.