0636 GMT - The Bank of Thailand could keep its policy rate at 2.00% on Wednesday, OCBC economists write in a note. Thailand's 1Q GDP growth likely held up, and further frontloading of exports to the U.S. may support growth in 2Q, they say. A more proactive approach from fiscal policy also reduces the need for imminent monetary policy support, they add. The government has indicated that it's ready to ramp up fiscal support in the face of significant downside risks to growth, they note. However, OCBC sees more room for monetary policy easing in the months ahead, and expects a cumulative 50 bps of rate cuts in 2H.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 02:36 ET (06:36 GMT)
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