Unexpected key policy rate cut
- Published: 17 Oct 2012 at 15.27
- Online news:
The central bank’s monetary policy committee (MPC) on Wednesday cut the repurchase rate by 0.25% percentage points from the previous 3%, Paibul Kittisrikangwan, assistant governor for monetary policy at the Bangkok of Thailand said.
Members of the panel voted 5-2 to cut the key policy rate to 2.75%, effective immediately, said Mr Paibul.
The decision was aimed at boosting the economy in preparation for countering the possible impact of the continuing global financial crisis, he added.
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