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Article: Thai central bank slashes policy rate by half percentage point
- Article from:
- Xinhua News Agency
- Article date:
- April 11, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Thai central bank slashes policy rate by half percentage point
BANGKOK, April 11 (Xinhua) -- Thai central bank's Monetary Policy
Committee (MPC) resolved on Wednesday to slash the policy interest
rate by half a percentage point to 4 percent to boost the economy,
which has been sluggish this year due to public concerns over
political uncertainties.
According to news network The Nation, Suchada Kirakul, assistant
governor of the Bank of Thailand (BOT), attributed the half a
percentage point cut to the slowing demand amid low inflation ...