Thai CB cuts rates again

In an effort to revitalise the economy, Thailand's central bank has cut interest rates for the fourth time since the start of 2007, reducing the one-day bond repurchase rate from 4% to 3.5%.

Although the move was widely anticipated, observers say it remains unclear whether the cut will restore confidence: the current government came to power after the military coup of 19 September and has attempted to impose capital controls in the face of street protests, as well as increases in public spend

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