Central Bank Rate Cut in Thailand

BANGKOK (Reuters) – Thailand’s central bank is expected to implement two rate cuts, totaling 50 basis points, beginning in the second quarter of this year, according to the Bond Market Association on Thursday.

Thai corporate bond issuance for 2024 is projected to be between 850 billion baht and 900 billion baht ($24.55 billion to $25.99 billion), marking a 10% decrease compared to last year.

Last month, the central bank maintained its key interest rate at 2.25% following an unexpected cut in October. The next rate review is set for February 26.

> Note: $1 = 34.6300 baht