The central bank “looks ready to use other, albeit unspecified tools, which implies other measures aside from policy easing, especially as the room for lower rates is declining, ” said Mitul Kotecha, a senior emerging markets strategist at TD Securities in Singapore.
BANGKOK: The Bank of Thailand (BoT) cut its benchmark interest rate to a fresh record low and said it was ready to use additional policy tools if needed with the economy expected to shrink further.
By a 4-3 vote, the central bank lowered the policy rate yesterday by 25 basis points to 0.5%, its third cut this year. All but three of 24 economists in a Bloomberg survey correctly predicted the decision, with the others expecting no change.
