Thailand’s central bank cut its benchmark interest rate by a quarter percentage point on Wednesday, a move it said was a response to a weaker growth outlook and increased risks posed by global trade policy uncertainty.
The Bank of Thailand’s monetary policy committee voted 6-1 to reduce the one-day repurchase rate by 25 basis points to 2.00 per cent at its first meeting of 2025. That followed a rate hold in December and a surprise quarter-point cut in October.