Thai Central Bank Cuts Key Interest Rate Further
Amid slowing inflation and political turmoil, the Thai central bank reduced key interest rate by a more-than-expected 75 basis points on Wednesday. The Monetary Policy Committee of Bank of Thailand slashed one-day repurchase rate to 2% from 2.75% with immediate effect. Economists had expected a 50 basis point cut.
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Thai Central Bank Cuts Key Interest Rate Further
