New baht bank notes featuring Thailand's King Maha Vajiralongkorn are unveiled during a news conference at Bank of Thailand headquarters in Bangkok, Thailand
BANGKOK: The Bank of Thailand cut its benchmark interest rate to a record low as the coronavirus outbreak, a stalled government budget and bad drought imperil economic growth.
The central bank lowered the policy rate by 25 basis points to 1% on Wednesday in a unanimous decision, the third cut in the last five meetings. Fourteen of 29 analysts in a Bloomberg survey predicted the decision, with the rest expecting no change.
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