The central bank unexpectedly cut its benchmark interest rate earlier this month for the first time in more than four years, and said it sees more room to ease ahead.The economic council cut its full-year growth forecast to 2.7%-3.2% – down from an earlier estimate of 3.3%-3.8% – as the second-quarter pace should be the slowest this year, the council’s deputy secretary-general, Wichayayuth Boonchit, told reporters.
Gareth Leather, senior Asia economist at Capital Economics, said the expansion could slow to 2.5% this year. In addition to the trade war, exports have been hit by gains of nearly 8% in the baht over the last 12 months, making it Asia’s best performing currency tracked by Bloomberg.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Muslim insurgent group says it met with Thai gov'tBarisan Revolusi Nasional officials say they demanded release of detainees and transparent probe into state abuses.
Source: malaysiakini - 🏆 20. / 51 Read more »
Thai Airways unveils royal barge livery on aircraft
Source: staronline - 🏆 4. / 75 Read more »
Hong Kong protests benefit Thai luxury developersBuyers from mainland China and Hong Kong are top property investors in Thailand's ultra-luxury condominiums which includes a 52-story Bangkok tower. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
Thai official dismisses Muslim insurgent demand on detaineesDPM Prawit Wongsuwan rejects freeing of detainees as a precondition to peace talks.
Source: malaysiakini - 🏆 20. / 51 Read more »
Insurgent group holds meeting with Thai govtBANGKOK: The main group fighting an insurgency in Thailand’s largely Muslim south said it had held its first meeting with officials from the new Thai government and had set out demands as a condition for any formal peace talks.
Source: staronline - 🏆 4. / 75 Read more »
Thai official dismisses Muslim insurgent demand on detaineesThe Thai government rejects a demand by Barisan Revolusi Nasional to release its detainees stating adherence to the judicial procedure is required. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »