
The Bank of Thailand's monetary policy committee (MPC) on Wednesday decided to reduced its policy interest rate, or 1-day repurchase rate from 3.50 per cent to 3.25 per cent to boost the Thai economy following the massive floods.
The 0.25 percentage point rate cut was deemed necessary due to the sluggish global economic outlook despite the presence of domestic inflationary pressure.
The lower than expected 1-day repurchase rate will be effective immediately.
The Nation