Thailand Set to Cut Rate in Last Meeting Before New Leadership

The Bank of Thailand is set to cut its key interest rate at its upcoming meeting, which will be the last under the leadership of outgoing Governor Sethaput Suthiwartnarueput. The rate cut is expected to be a measure to protect the Thai economy from the potential risks posed by US tariffs and deflationary pressures. The decision comes as the central bank aims to support the country's economic growth amid ongoing global uncertainties. Thailand's economy has been grappling with the impact of trade tensions and the threat of a slowdown in the global economy, which could lead to a decline in exports and domestic demand. The rate cut is likely to be one of the final policy decisions made by the current central bank leadership before a new governor takes over. The upcoming change in leadership at the Bank of Thailand is seen as an opportunity to potentially re-evaluate the country's monetary policy and economic strategy going forward.