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MPC rate hike of 0 5% could shore up baht

An interest rate hike of at least 0.5% by the Bank of Thailand's Monetary Policy Committee (MPC) tomorrow would be enough to shore up the baht, which has depreciated by 11.5% against the greenback this year to date, analysts said.

Baht freefall could hit 38

Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy.

Asian markets sell off amid recession worries

RECAP: Asian markets sold off sharply on Friday and Europe followed as investors braced for a hefty US rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund.

Thai reserves are quickly depleting

Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.

Opinion: Thai reserves are quickly depleting

Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.

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