Economics
Thailand Cuts Interest Rate as Virus Outbreak Hurts Economy
- Central bank cuts policy rate for third time in five meetings
- Monetary policy committee voted unanimously for 25 bps cut
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
The Bank of Thailand cut its benchmark interest rate to a record low as the coronavirus outbreak, a stalled government budget and bad drought imperil economic growth.