{
  "id": 17116291,
  "title": "Thai Baht: Oil risks point to weakness against US Dollar - MUFG",
  "url": "https://urgent.news/2026/10/29/thai-baht-oil-risks-point-to-weakness-against-us-dollar-mufg",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T19:35:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/thai-baht-oil-risks-point-to-weakness-against-us-dollar-mufg-202610291935"
  },
  "original_language": "en",
  "account": "The Bank of Thailand maintained its policy rate at 1.00% for a fourth consecutive meeting, signaling continued caution. The central bank anticipates modest GDP growth of 2.4% in 2026 and 2.1% in 2027. Artificial intelligence-driven export demand could provide some support, with exports increasing 24% year-over-year in September. However, tourism and private consumption remain constrained by rising oil prices, high household debt, and reduced purchasing power. Despite these challenges, MUFG remains cautious on the Thai Baht and forecasts continued USD/THB weakness, with a projected rate of 34.10 by the end of 2026.",
  "summary": "MUFG’s Lloyd Chan notes that the Bank of Thailand (BoT) kept its policy rate at 1.00% for a fourth consecutive meeting and still expects modest Gross Domestic Product (GDP) growth in 2026 and 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}