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(Bloomberg) As Bank of Thailand comes under growing political pressure to cut interest rates, most analysts expect the monetary authority to resist calls for any off-cycle easing to support the economy.Most Read from BloombergCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Largest Covid Vaccine Study Yet Finds Links to Health ConditionsYour 401(k) Will Be Gone Within a DecadeStocks Fall Before Nvidia’s Must-Watch Earnings: Markets WrapUS Tells Allies Russia May Launch Anti- ....
(Bloomberg) Thailand’s economy grew slower than expected in the fourth quarter, hurt by weaker consumption and investment, bolstering the case for Prime Minister Srettha Thavisin to renew his calls for the central bank to cut rates.Most Read from BloombergTrump Keeps NY Empire Intact as Judge Rescinds Asset-Sale OrderLargest Covid Vaccine Study Yet Finds Links to Health ConditionsRecord US Stock Rally Is Under Threat From a World in TurmoilWall Street’s Moelis Bet Big on the Middle East. Now ....
BANGKOK (Reuters) -Thailand's economy unexpectedly contracted in the fourth quarter of 2023 and policymakers downgraded the outlook for this year, adding to pressure on the central bank to give in to the prime minister's demands for a rate cut. Prime Minister Srettha Thavisin, who is also the finance minister, has been at loggerheads with the central bank over the direction of monetary policy, repeatedly saying rate cuts will help the economy he describes as being in crisis as it confronts high household debt and China's slowdown. Gross domestic product (GDP) fell 0.6% in the October to December quarter on a seasonally adjusted basis, data from the National Economic and Social Development Council showed on Monday, down from a revised 0.6% rise in the third quarter. ....