Thai Central Bank Cuts Key Rate to 1.75%, Citing Economic Risks

BANGKOK, April 30 (TNA) – The Bank of Thailand’s Monetary Policy Committee (MPC) voted by a majority of 5-2 to cut its benchmark interest rate by 25 basis points to 1.75% on Wednesday, effective immediately, the central bank said in a statement.

The MPC cited the need to align monetary policy with economic trends and to buffer against increasing risks stemming from global trade policies.

The majority of the committee also agreed that the rate cut would help maintain appropriate financial conditions in light of the evolving economic and inflation outlook. – 819 (TNA)