Dismal Thai GDP data suggest large rate cut imminent

Today’s Q4 GDP numbers underscore the speed at which the Thai economy is deteriorating. With external demand set to contract even more over coming months and domestic demand weakening as well, worse is to come. We expect the Thai central bank to cut the key policy rate by at least the 50bp (to 1.5%) the markets now expect on Wednesday, with rates eventually falling to 1% or even lower.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.