18 December 2025 Emerging Asia Monitor BI holds but nods at future RRR action, while BoT eases again

BI kept its benchmark rate at 4.75%, in line with most expectations; the real rate is close to neutral…
…Its tone remains dovish, and we continue to believe next year will see a tactical shift to RRR cuts.
The BoT resumed easing with a 25bp cut; we still expect a quick follow-up cut at February’s meeting.

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