Bank of Thailand Cuts Interest Rate 25bps to 3.00%

The Bank of Thailand cut its benchmark 1-day bond repurchase rate by 25 basis points to 3.00% from 3.25%. Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: "The MPC assessed that inflationary pressure remains contained, while headwinds from the global economy continue to pose risks to Thailand's economic growth. The MPC therefore voted unanimously to reduce the policy...