Policy rate cut
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The Bank of Thailand reacted to slow economic condition with a decision to cut the policy rate by 0.25 percentage point to 1.75 per cent.
Four members of the Monetary Policy Committee voted for the cut, while the other three maintained the view that the current rate was accommodative.
The decision was a surprise, though some economists believed that the central bank would need to act given slow economic activities in January.
The Nation
