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Economic Recovery · Interest Rates · Monetary Policy
Thailand's central bank has unexpectedly cut its policy rate to 1% from 1.25%, marking the second consecutive easing measure.
The decision was made by the monetary policy committee with a 4-2 vote at their first meeting of the year. This move surprised markets, as only three out of twelve surveyed economists had anticipated the rate cut.
The central bank aims to support economic recovery by bolstering domestic demand and addressing deflationary pressures. This action underscores the bank's ongoing efforts to strengthen nascent signs of economic improvement within the country.
