Thailand News

Breaking news headlines

Thai central bank cuts key interest rate first time in two years

1 min read
Breaking News

Breaking News. Image: GoodManPL (Pixabay).

BANGKOK, Nov 30 – The Bank of Thailand on Wednesday cut policy interest rate by 0.25 per cent for the first time in two years to support economic restoration and investment after an impact of flooding on the Thai economy has widened and become more severe.

At Wednesday’s meeting, the BoT’s Monetary Policy Committee (MPC) voted 5 to 2 to reduce the policy rate by 0.25 percent, from 3.50 percent to 3.25 percent per annum, with 2 votes in favour of a 0.50 percent reduction, said Mr Paiboon Kittisrikangwan, Secretary of the Monetary Policy Committee (MPC).

Read more: MCOT

Leave a Reply

By using the site you agree and accept the terms of this Privacy and Cookies Policy. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.