Brokerages offer their preferences
As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.
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Brokerages offer their preferences
As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.
Last Wednesday, the Monetary Policy Committee unexpectedly cut the policy rate by 25 basis points (bps) to 2.25%, the first reduction in more than four years.
Indonesia and the Philippines also lowered their interest rates by 25 bps.
Major economies are following the same path, with the European Central Bank slashing rates three times by 75 bps, the Bank of England once by 25 bps, and the US Federal Reserve once by 50 bps.
Developed countries are…