Thailand slashes rates, cites demand and exports

The Bank of Thailand surprised markets on Wednesday by slashing rates for the second month in a row on further signs of a slowdown.

Wednesday's 75 basis-point cut, which leaves the benchmark policy interest rate at a four-year low of 2%, follows a 100 basis-point cut in December. Analysts had largely expected the central bank to lop a half point off the key rate, though some had forecast a bigger move. The December move was the biggest cut since the policy rate was introduced in 2000.


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: