October 11, 20241 yr Cross currency rates this morning: USD 33.34 EUR 36.44 GBP 43.52 CND 24.20 From Reuters The Bank of Thailand (BOT) will leave its key interest rate unchanged at 2.50% next week and for the rest of the year, according to a Reuters poll of economists who brought forward their first rate cut expectations by a quarter. Inflation quickened in September to 0.61% from 0.35% in August but remained below the BOT's target range of 1-3%. However, median forecasts in the poll showed inflation will return to within the range this quarter. Growth in Southeast Asia's second-largest economy has lagged its regional peers due to high household debt but is expected to improve with an increase in tourists and a pick-up in public spending supported by the government's digital wallet scheme. A strong majority of economists, 24 of 28, in the Oct. 7-10 poll forecast the BOT to keep its benchmark one-day repurchase rate (THCBIR=ECI). https://www.reuters.com/markets/rates-bonds/bank-thailand-hold-rates-steady-oct-16-cut-q1-2025-2024-10-11/
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