Asadej’s optimism underscores relief in the market as a lower borrowing cost eases the pressure of a stronger baht. That will help exporters and tourism-related firms, he said.
The Thai central bank’s surprise rate cut is likely to provide further momentum to the country’s equity market in the fourth quarter, the local exchange’s chief said.
“It gives an optimistic view for the last quarter for Thailand,” Asadej Kongsiri, the president of Stock Exchange of Thailand, said in a Bloomberg TV interview on Thursday, referring to the rate decision. “There are certain sectors of companies listed on the stock exchange that will benefit from this.”
