BoT soft-pedals expectations on rate hike thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Emerging Asian currencies may face more pressure amid deteriorating external finances and risk-off sentiment fueled by Federal Reserve tightening, according to strategists at Goldman Sachs Group. Asia currencies are facing the heat as the Fed's campaign to curb inflation boosts the dollar while central banks in much of Asia adopt a more patient stance.
The Bank of Thailand (BoT) is set to raise rates from August to quell persistently high inflation, according to analysts, ending a three-year long easy monetary policy stance to shield the Covid-19 pandemic-hit economy.
(Bloomberg) Southeast Asian currencies look poised to outperform their northern peers as commodity prices remain elevated and tourist arrivals rebound, according to Goldman Sachs Group Inc. and Bank of America Securities.