0418 GMT - Thailand's incoming government is unlikely to change course on FX, regardless of the coalition mix, Goldman Sachs analysts say. GS stays bearish on the baht, expecting the government to continue to aim to curb THB strength. Wider implications will hinge on the post-electoral process: If results are widely accepted, and government operations resume swiftly with a clear mandate, GS tips 2026 economic growth at 1.3% versus an estimated 2.1% in 2025. In this scenario it sees one more rate cut by the Bank of Thailand. If coalition talks drag on, delaying government formation, GS flags downside risks to its growth view as social policies and public capex programs would be put on ice. Prolonged uncertainty could slow private investment, and the BOT could retain a dovish tilt until the situation stabilizes. (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

February 08, 2026 23:18 ET (04:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.