Nomura Sees Thailand's Central Bank Cutting Rates by 25bps in December 2025 and Q1 2026 to Reach 1.00% Terminal Rate

BY MT Newswires | ECONOMIC | 10/09/25 12:30 PM EDT

12:30 PM EDT, 10/09/2025 (MT Newswires) -- The Bank of Thailand (BoT) left its policy rate unchanged at 1.5% this week, against Nomura and consensus forecasts of a 25bps cut, citing the importance of timing.

The bank believes the BoT left the door open to more easing by citing that it "stands ready to adjust" the policy rate, as it lowered its gross domestic product growth and inflation forecasts.

Nomura maintains its terminal policy rate forecast of 1.00%, pencilling in a 25bps cut at the next policy meeting in December 2025 and another in Q1 2026.

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