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Thailand makes fourth interest cut in 10 months

The central bank has said the Thai economy might have grown about 3% annually in the second quarter of 2025 but would feel the impact of US tariffs and weakening consumption later this year.

Illustrative image (Photo: AFP)
Illustrative image (Photo: AFP)

Bangkok (VNA) – The Bank of Thailand (BOT) lowered its policy rate by a quarter point on August 13, its fourth cut in 10 months, to support a sluggish economy grappling with falling prices and the impact of US tariffs.

The BOT’s Monetary Policy Committee unanimously voted to cut the one-day repurchase rate by 25 basis points to 1.5%, the lowest in more than two years.

The central bank has said the economy might have grown about 3% annually in the second quarter of 2025 but would feel the impact of US tariffs and weakening consumption later this year.

The economy was expected to expand this year and next, close to earlier assessments, but US trade policies would exacerbate structural problems and weaken competitiveness, with small businesses vulnerable, the BOT said in a statement./.

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