DBS Bank: Bank of Thailand may cut interest rates again.

The report from DBS Group stated that the Bank of Thailand may cut interest rates by another 25 basis points before the end of this year. The Bank of Thailand's Monetary Policy Committee believes that monetary policy should be more accommodative to support the Thai economy. The report stated, "The Bank of Thailand's language remains accommodative, even after a cumulative cut of 75 basis points to a two-year low this year." Vitai Ratanakorn, the new governor of the Bank of Thailand set to take office on October 1st, also advocates for a rate cut.