Thai corporate bond issuance will range from 850 billion baht to 900 billion baht ($24.55 billion to $25.99 billion) this year—a drop of 10% expected for 2024, according to a projection by the Bond Market Association on Thursday.
The association also stated that Thailand’s central bank is poised for two interest rate cuts this year, accumulating to a 50 basis point reduction starting from the second quarter.
In the previous month, the central bank unexpectedly maintained its key interest rate at 2.25% following an unforeseen reduction in October. With the next rate assessment looming on February 26, market participants are closely monitoring the situation for any policy shifts.
