Thai baht remains in decline, the Thai government is considering raising the debt ceiling.

The Thai government may raise the debt ceiling, increasing the borrowing size by about $30 billion in order to boost the country's economy, which has been hit by global energy shocks. After the announcement, the Thai baht continued to decline. The USD/THB exchange rate rose by 0.6% to 32.108. The Thai government plans to increase the public debt ceiling from 70% of GDP to 75%. The Thai 10-year overnight index swap rate rose by 5 basis points to 1.99%.