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💼Thailand’s Central Bank Governor: No Rush for Further Rate Cuts

📉Bank of Thailand Governor Sethaput Suthiwartnarueput stated that last week’s interest rate cut was a "recalibration" and not the start of a prolonged easing cycle.

📌Key Points:
 — On October 16, the interest rate was lowered by 25 basis points, with no plans for further rapid cuts.
— The central bank doesn’t want to see rapid or unsupported movements in the baht’s value.
— Thailand's economy, reliant on trade and tourism, is feeling the impact of China’s slowdown, increasing competition for exports.

🔍The central bank’s decisions on interest rates and currency stability will have broad effects on Thailand's economic outlook, especially amid high baht volatility and government pressure.

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