(Bloomberg) -- Thailand's government bonds rose on speculation the central bank will further cut rates after it lowered its economic growth forecast for this year. The baht was little changed.
Ten-year yields have fallen more than one percentage point since Jan. 17, when the central bank cut rates for the first time since June 2003. The economy may expand between 3.8 percent and 4.8 percent in 2007, lower than a previous 4 percent to 5 percent range, Mathee Supapongse, the Bank of Thailand's monetary policy department director, said today.
Read more at Bloomberg Bonds News
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