BANGKOK: The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb the currency’s gains.
Five of the seven Monetary Policy Committee members voted to cut the key rate by a quarter-percentage point to 1.25%, the central bank said in a statement. That matches a record low and was in line with the forecasts of 16 of the 26 economists in a Bloomberg survey.
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