TOKYO — It’s been years since economic events in Bangkok had global implications. But the Bank of Thailand’s surprise rate cut on Wednesday (February 26) signals how rapidly Donald Trump’s trade curbs are upending Asia’s 2025.
The last time Bangkok was at the epicenter of financial intrigue was in 1997, when it sparked off the Asian financial crisis. Back then, the economies of Thailand, Indonesia and South Korea collapsed in spectacular currency crisis fashion.
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