Thai central bank seen cutting key rate by 50 bps in 2025, bond market group says

Published 01/08/2025, 10:37 PM
Updated 01/08/2025, 10:40 PM
© Reuters. FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016.   REUTERS/Jorge Silva/File Photo
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BANGKOK ((Reuters)) - Thailand's central bank is expected to cut rates twice, totalling 50 basis points this year starting in the second quarter this year, the Bond Market Association said on Thursday.

Thai corporate bond issuance this year was seen at 850 billion baht to 900 billion baht ($24.55 billion to $25.99 billion), the group said, and that corporate bond issuance was down 10% in 2024.

© Reuters. FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016.   REUTERS/Jorge Silva/File Photo

Last month, the central bank left its key interest rate unchanged at 2.25%, after a surprise cut in the previous review in October. The next rate review is on Feb. 26.

($1 = 34.6300 baht)

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