Galaxy International economist Gun Hathaisattha wrote in a report that the Bank of Thailand's policy interest rate may fall below 1%. Consumer prices are under increasing pressure due to factors such as the still weak economic momentum. The country is scheduled to hold general elections in February. Given weak household consumer sentiment and high household debt, the current and next administration is likely to keep diesel and electricity prices low. This year's inflation rate is likely to be 0.2%, while GDP is likely to grow 1.9%. The analyst said, “We think GDP growth of less than 2% and near-zero inflation is a warning sign that interest rates will be cut further. “Galaxy International expects the Bank of Thailand to cut interest rates twice more this year by 25 basis points each time, which will reduce the policy interest rate from the current 1.25% to 0.75%.

Galaxy International economist Gun Hathaisattha wrote in a report that the Bank of Thailand's policy interest rate may fall below 1%. Consumer prices are under increasing pressure due to factors such as the still weak economic momentum. The country is scheduled to hold general elections in February. Given weak household consumer sentiment and high household debt, the current and next administration is likely to keep diesel and electricity prices low. This year's inflation rate is likely to be 0.2%, while GDP is likely to grow 1.9%. The analyst said, “We think GDP growth of less than 2% and near-zero inflation is a warning sign that interest rates will be cut further. “Galaxy International expects the Bank of Thailand to cut interest rates twice more this year by 25 basis points each time, which will reduce the policy interest rate from the current 1.25% to 0.75%.