SCB EIC expects the Thai policy rate to stay at 1% until 2027 because the baht is stable and inflation is low, so cheap credit should persist. SCB FM sees the baht at 33.30-33.80 per dollar over the next 1-2 months, with a possible firming toward 33.00-33.50 by late 2026 on tourism season and trade balance. Oil prices, Fed hikes and trade-war risk are named as downside pressures. For importers and exporters, the 1-year hedging cost is about 3.6%, so hedge only what is needed. Forecasts only, not guarantees.