Nomura (US:NMR) Xin Hua Cai Jing·2025-08-05 03:11Core Viewpoint - Nomura Securities economists expect the Bank of Thailand to maintain its policy interest rate next week to assess the impact of the latest U.S. tariff dynamics [1] Group 1: Economic Conditions - Tightening credit standards and deteriorating loan quality in Thailand indicate a more pronounced negative feedback loop between a constrained financial environment and a sluggish economy [1] - Nomura Securities maintains its GDP growth forecast for Thailand at 1.8% for 2025, reflecting a cautious view on the negative feedback loop, vulnerability to U.S. tariffs, and rising domestic political uncertainty [1] Group 2: Monetary Policy Outlook - The firm anticipates that the Bank of Thailand will resume interest rate cuts in October and December of this year, as well as in the first quarter of 2026 [1]