OCBC analysts report the Thai Baht is near a 15-month low against the USD, pressured by rising oil prices, a stronger dollar, and higher US yields. The Bank of Thailand’s accommodative stance offers little support, though sharper depreciation could challenge policymakers if inflation concerns intensify. ADVERTISEMENTBank of Thailand’s Accommodative Policy Adds to the DragBeyond external forces, the Bank of Thailand’s (BoT) monetary policy stance has also weighed on the currency. Governor Vitai has publicly signaled no urgency to tighten policy, suggesting that authorities remain comfortable allowing gradual currency softness rather than intervening aggressively. This tolerance for gradual depreciation reflects a broader policy philosophy prioritizing growth and financial conditions over near-term currency stability.