Paetongtarn Shinawatra is the third member of her family to serve as Thailand’s prime minister. Both her father and her aunt then went into exile. Events over the past two weeks will give investors no confidence that Thailand’s political situation will be more stable in future. That uncertainty will continue to cast a cloud over the economic outlook.
Next week, three central banks in the region will be meeting. We expect all three to leave interest rates on hold this time, but it won’t be long before they follow this week’s lead from the BSP and start to loosen.
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