BANGKOK: Thailand's central bank cut its benchmark interest rate for the third time this year, as expected, to a record low as the coronavirus pandemic ravages consumption and tourism in Southeast Asia's second-largest economy.
The Bank of Thailand's (BOT) monetary policy committee on Wednesday voted 4-3 to cut the one-day repurchase rate by 25 basis points to 0.50%, the fifth reduction in borrowing costs since August. The three dissenters favoured no policy change.
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