Bank of Thailand Surprises Markets with Rate Cut as Tariff Uncertainty and Strong Baht Weigh on Growth
The Bank of Thailand unexpectedly reduced its one-day repurchase rate by 25 basis points to 1.00% at its first policy review of the year in a 4-2 vote. The move - the sixth reduction since October 2024 and bringing total easing to 150 basis points - came as policymakers cited a firm baht, U.S. tariff uncertainty and structural headwinds that keep g…