Policy rate cut by 0.25%

Breaking News March 12, 2014 00:00

The Bank of Thailand's Monetary Policy Committee decided to lower the policy rate by 0.25 basis points, but three of seven committee members voted against the cut.

At the meeting today, the MPC said that the rate cut is aimed at boosting domestic investment. It hopes that the global economic recovery would continue and this would help drive the exports.

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