Thailand unexpectedly cuts rates on lower growth outlook
Central bank hopes easing of policy will support SMEs, households and overall economy
Thailand’s central bank unexpectedly lowered its benchmark policy rate by 25 basis points today (February 25), as officials said growth was projected to remain below potential this year and next.
The monetary policy committee voted four to two to cut the rate from 1.25% to 1%, according to a statement from the Bank of Thailand (BoT). The two dissenting board members voted to keep the rate unchanged.
The statement said the board members who voted for the cut did so to ensure that financial
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