Thailand slashes rates on "significant change"

The Bank of Thailand made its biggest-ever rate cut on Wednesday, sparked by what it termed a significant change in the economic environment.

The central bank sliced a full percentage point off its policy interest rate, leaving the rate at 2.75 - its lowest level since July 2005.

The global financial crisis had, the central bank said, "led to a significant and more-than-expected slowdown in growth in industrial economies as well as a marked decline in exports in regional economies."

Data for

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: