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Thailand Cuts Interest Rate to Record Low to Rein in Surging Baht

  • Majority of economists in survey predicted 25bps rate cut
  • Central bank to ease rules on capital outflows to curb baht
Bloomberg business news
Thai Baht Still on a Strengthening Path Near Term, Says Nomura’s Paracuelles
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The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb a surging currency.