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Bank of Thailand cuts interest rate to record low

The Bank of Thailand (BoT) on November 6 cut its benchmark interest rate for the second time in three months to a record low of 1.25 percent.
Bank of Thailand cuts interest rate to record low ảnh 1Illustrative image (Source: bangkokpost.com/)

Bangkok (VNA) – The Bank of Thailand (BoT) on November 6 cut its benchmarkinterest rate for the second time in three months to a record low of 1.25percent.

Thelatest rate cut is an attempt to bolster the country’s economic growth and stemthe baht’s strengthening value.

Five out of the members of the BoT’s MonetaryPolicy Committee (MPC) showed their approval for the decision.

The baht has gained about 9 percent against the US dollar in the pastyear, the best performer in emerging markets, curbing exports and tourism inthe trade-reliant nation.

According to the Thai Ministry of Commerce, theconsumer price index (CPI) in October expanded 0.11 percent year-on-year butdecreased from the previous year, pushing inflation rate in the country to thelowest level over the past two years./.


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