A recovering domestic economy and the likelihood the United States Federal Reserve (Fed) might slow its interest rate cuts if inflation revives should prompt the Bank of Thailand (BoT) to maintain its policy rate at its meeting on Wednesday, say analysts.
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A recovering domestic economy and the likelihood the United States Federal Reserve (Fed) might slow its interest rate cuts if inflation revives should prompt the Bank of Thailand (BoT) to maintain its policy rate at its meeting on Wednesday, say analysts.
Chaiyot Jiwangkul, head of research at Krungsri Securities (KSS), said the economy has continued to rebound, thanks to increasing tourist arrivals, government budget disbursement and the 10,000-baht cash handout to vulnerable groups.
Recently released US inflation data amplified the debate on whether the Fed will opt for a smaller rate cut next month, or pause after a large September reduction of 50 basis points.
According to the US Bureau of Labor Statistics,…