Bank of Thailand cuts interest rate to record low
Bank of Thailand cuts rate to all-time low and relaxes forex rules
The Bank of Thailand (BoT) cut its benchmark interest rate for the second time in three months today (November 6), while relaxing rules on capital outflows to ease appreciation pressures on the Thai baht.
The central bank’s monetary policy committee voted 5–2 to lower the key rate by 25 basis points to 1.25%, it said in a statement. The reduction puts Thailand’s policy rate at the lowest level since 2010. The rate has never been lower.
The central bank, along with Thailand’s ministry of
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