Rate cut in Thailand, Taiwan applies to join CPTPP

Rate cut in Thailand, Taiwan applies to join CPTPP

With the economy in the doldrums and deflation worries increasing, we think the Bank of Thailand will cut interest rates by a further 25bp at its meeting on Wednesday (most other analysts are expecting rates to stay on hold at 0.5%). Meanwhile, Taiwan followed China this week by applying to join the CPTPP. Taiwan’s entry would provide much less of a boost to existing members, but it would also be significantly less controversial.
Gareth Leather Senior Asia Economist
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