0335 GMT - The on-year drop in Thailand's CPI in May is unlikely to impact monetary policy, says HSBC Global Research's Aris Dacanay in a note. "The main driver of the outlook will still be growth, and how much will the U.S. tariff rates affect it," the economist for Asean says. While HSBC's baseline scenario is for a rate cut in June, risks are now tilted to a pause. The Bank of Thailand has signaled more monetary easing, but it could pause its easing cycle in June to see how global trade policy will pan out after the 90-day tariff pause lapses in July, Dacanay adds.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
June 08, 2025 23:35 ET (03:35 GMT)
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