Analysts point to slowing intake PUBLISHED : 28 Aug 2024 at 07: 02 Listen to this post People register for the 10,000-baht digital wallet handout in Bangkok on Aug 1. (Photo: Apichart Jinakul) The Bank of Thailand might be triggered to cut the policy rate quicker than anticipated if the brand-new federalgovernment chooses to hold-up the execution of the digital wallet policy from the 4th quarter of this year, triggering a serious drag on the Thai economy, state experts. Although the main bank’s Monetary Policy Committee (MPC) last week chose to keep the rate at 2.5%, the committee clearly stated the quarter-on-quarter momentum of the Thai economy would be weaker in the 2nd half, stated BofA Securities. Private usage would sluggish going forward as the earnings healing is stunted amongst laboure
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