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Ms Tay stated she expects the Bank of Thailand to make a 25 basis point minimize only in the first half of 2025, that means rates would stay in place for the remainder of this yr. “This excessive stage of debt is a big impediment to economic development, affecting customers across completely different age groups,†mentioned Ms Wilasinee. Thailand’s latest forex situation just isn’t isolated – the Indonesian rupiah, Malaysian ringgit, Singapore dollar and Chinese yuan have all also strengthened in latest weeks, a small potential silver …