BoT cuts policy rate and forecasts tariff-induced slowdown
Thai central bank cuts by 25bp at final meeting before dovish Vitai becomes governor
Thailand’s central bank cut its benchmark interest rate by 25 basis points today (August 13) while highlighting the risks that US trade policies posed to the domestic economy.
The Bank of Thailand (BoT) said in a statement that its monetary policy committee had voted unanimously to cut the policy rate to 1.5% to support the economy. The BoT said it believed policy needed to be more accommodative to alleviate the burdens faced by small and medium-sized enterprises and other businesses affected by
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