BANGKOK: Thailand's central bank unexpectedly cut its benchmark interest rate a quarter of a point to 2.25 percent on Wednesday, saying political tension is affecting investor confidence and there's no sign of exports recovering.
The Bank of Thailand's Monetary Policy Committee voted 6-1 for the surprise cut for the one-day repurchase rate , the first change since a 25 basis point cut in May. One member voted for no change.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!