Thai central bank seen cutting key rate to help economy in recession

Thailand’s central bank is widely expected to cut its benchmark interest rate to a new low at its policy review on Wednesday to cushion the economy from the impact of the coronavirus outbreak.

Sixteen of 18 economists in the poll predicted the Bank of Thailand’s (BOT) monetary policy committee would cut its one-day repurchase rate THCBIR=ECI by 25 basis points to 0.50% – which will be the fifth reduction in borrowing costs since August.

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