Quarter-point reduction follows months of government lobbying for help to spur economy
PUBLISHED : 16 Oct 2024 at 14:17
(Photo: Bloomberg)
The Bank of Thailand has unexpectedly cut its key interest rate for the first time in four years, a move long called for by the government as a way to revive a sluggish economy with inflation below target.
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Quarter-point reduction follows months of government lobbying for help to spur economy
PUBLISHED : 16 Oct 2024 at 14:17
(Photo: Bloomberg)
The Bank of Thailand has unexpectedly cut its key interest rate for the first time in four years, a move long called for by the government as a way to revive a sluggish economy with inflation below target.
The central bank’s Monetary Policy Committee voted 5 to 2 to reduce the one-day repurchase rate by 25 basis…