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Thai Baht Rally May Fade on Dovish Central Bank, Analysts Say

Monetary PolicyEnergy Markets & PricesCurrency & FXEconomic Data

Analysts warn the Thai baht’s early rally may fade as the central bank is expected to keep a dovish policy stance to cushion an economy pressured by elevated oil prices. The outlook implies downside bias for FX as monetary support is likely to remain accommodative rather than tightening.

Analysis

Analysts warn the Thai baht’s early rally may fade as the central bank is expected to keep a dovish policy stance to cushion an economy pressured by elevated oil prices. The outlook implies downside bias for FX as monetary support is likely to remain accommodative rather than tightening.

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