The BoT delivered its first back-to-back rate cut since 2020, taking the cumulative reductions since October to 75 basis points. — Bloomberg
Bangkok: The Bank of Thailand (BoT) has cut its key interest rate and says it stands ready to ease monetary policy further as the global trade war prompts a sharp downgrade in the outlook for economic growth.
The BoT’s seven-member Monetary Policy Committee voted five to two to lower the one-day repurchase rate by a quarter point to 1.75%, the lowest level in two years, as predicted by 17 of 21 economists surveyed by Bloomberg.
