Thai central bank cuts key interest rate to lowest in two years
Thailand's central bank has trimmed its key interest rate to the lowest level in two years in a bid to boost growth. This is the fourth cut in 10 months and a decision widely expected by analysts. The Bank of Thailand brought the rate down to 1.5% with a 25 basis-point cut. The BOT is expecting economic growth to slow in the second half of the year due to US trade policies, as well as a decline in shorter-term tourist arrivals.
Thailand's central bank has trimmed its key interest rate to the lowest level in two years in a bid to boost growth. This is the fourth cut in 10 months and a decision widely expected by analysts. The Bank of Thailand brought the rate down to 1.5% with a 25 basis-point cut. The BOT is expecting economic growth to slow in the second half of the year due to US trade policies, as well as a decline in shorter-term tourist arrivals.
Popular Shows
