Bank of Thailand’s Interest Rate Reduced 25 Basis points to 1.25%
November 6, 2019
By a 5-2 vote, the Monetary Policy Committee of the Bank of Thailand cut its 1-day repo rate by 25 basis points to a 9-year low of 1.25%. There were two dissents favoring no change in rate. It is hoped that lower central bank rates will counter the drag of an appreciated baht this year and generally lift overall growth. Today’s rate cut follows a similar action taken in August. Last December had seen a 25-basis point rate hike.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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