Bank of Thailand lowers policy rate to 2.0%
The Bank of Thailand announced that it has lowered its policy interest rate by 75 basis points to 2.0%, effective immediately.In a press release issued following the rate decision, the central bank noted that the economic slowdowns affecting industrial nations were negatively impacting Thai exports.
The Bank of England Thursday cut interest rates to 2 per cent in the second reduction in four weeks aimed at stimulating the economy and avoiding a prolonged recession, reported dpa.