Thai central bank surprises market with first rate cut since 2020

Thai central bank surprises market with first rate cut since 2020 Thai central bank surprises market with first rate cut since 2020

BANGKOK — The Thai central bank cut its key interest rate by a quarter point to 2.25% on Wednesday, its first rate cut since May 2020, as it aimed to boost growth.

The decision took the market by surprise. According to a poll, 24 out of 28 s expected the Bank of Thailand to stand pat.