While the kingdom maintains a strong external financial situation and prudent fiscal management to support its economy, the growing impact of chronic problems such as household debt and a rapidly ageing population as well as inequality and political instability are undermining any prospect of decisive action to find a solution. The result is an economy that has now performed below its regional peers for years and one that, in the short term, faces a need to more rapidly raise bank interest rates to halt a decline in the baht.

https://www.thaiexaminer.com/thai-news-foreigners/2022/06/26/fears-for-the-baht-as-it-hits-a-15-year-low/

Joseph O' Connor reports from Bangkok