24/7

    Monday to Sunday

    Location

    Worldwide

    Contact us

    info@zonezi.com

    Compare Listings

    Bank of Thailand cuts policy rate, to 1.5%

    Bank of Thailand cuts policy rate, to 1.5%

    The Bank of Thailand’s Monetary Policy Committee has made a surprise decision today to cut the policy interest rate amid pressure to avert an economic slowdown and hedge the heightened trade war between the US and China.

    The MPC cut the interest rate by only 25 basis points to 1.5 %. But the cut is significant. Of the seven-member committee, five voted for the cut while two voted to maintain the rate at 1.75%.

    The Thai baht has been one of the strongest currencies in the region while the Chinese yuan has been weakening. The baht and Thai government bonds are considered by foreign investors as a safe-haven. The baht ranks 18th among the world’s strongest currencies.

    via@thethaigernews

    Continue Reading

    img

    Zonezi

      Related posts

      Ford Foundation Launches a New Program to Tackle Inequality

      The Ford Foundation is committing $50 million in a new program designed to support 240 social...

      Continue reading
      Zonezi
      by Zonezi

      When Can we Travel? Everything You Need to Know

      When will Coronavirus Travel Restrictions be Lifted? Each country’s approach to travel is...

      Continue reading
      Zonezi
      by Zonezi

      New Build Stories: Inside the Design and Build of Life Saga

      In this episode of New Build Stories, BOAT chats with Gian Marco Campanino, art director of The...

      Continue reading
      Zonezi
      by Zonezi

      Join The Discussion