Policy rate cut by 25bps

WEDNESDAY, MAY 29, 2013
Policy rate cut by 25bps

The Bank of Thailand's Monetary Policy Committee on Wednesday voted unanimously to reduce the policy rate by 25 basis points to 2.5 per cent, on the back of lower-than-expected economic data in the first quarter.

 
“The MPC will closely monitor developments of the Thai economy, financial stability risks as well as capital flow situation, and stand ready to take appropriate action as warranted,” said Paiboon Kittisrikangwan, secretary of the MPC.
The last interest rate cut took place in October 2012. The decision today takes effect immediately.