BoT cuts key rate to record-low 1%
The Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal 2020 budget bill.
The Monetary Policy Committee (MPC) unanimously voted today to lower the benchmark rate by 0.25 percentage points a historic low of 1%, said the central bank’s statement.
Somruedi Banchongduang
