BENGALURU (Feb 25): The Thai baht trimmed early gains, while equities extended their rally on Wednesday after the central bank cut interest rates by a quarter point in a surprise decision. The baht was last trading 0.1% firmer at 31.04 per dollar, after gaining as much as 0.3% earlier in the session. Thai equities jumped as much as 2.2% to hit their strongest level since late September, extending gains to a third straight day. Thailand's central bank cut rates again as economic growth remains weak and below potential, because of a recent one-off fiscal spending, while underlying demand is soft and inflation is deeply subdued with core prices barely rising. The Taiwan dollar gained 0.5% in its third straight day of advances and hit its highest since Jan 29.

Source: The Edge Markets February 25, 2026 09:23 UTC