Bank of Thailand cuts rate as tariff ‘storm’ darkens outlook

Quick Summary:

The Bank of Thailand cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday, in a move to support an underperforming economy facing uncertainty over steep US tariffs.

The research centre of CIMB Thai Bank also expects a year-end rate of 1.25% this year.

The other eight had expected no policy change.“It’s quite clear that the storm is coming from the trade war,” BoT Governor Sethaput Suthiwartnarueput said in a speech on Tuesday.“The need to focus on stability is high.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaMalaysiaPhilippinesSingapore

Topics: Tariffs Central Year Policy Thailand Economic Trade Economy Bank Growth Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 13:56:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 899 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 28295653

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