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Thailand Cuts Interest Rate by 75bp to 2.00%
Wednesday, 14 January 2009 06:48:45 GMT
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Thailand’s central bank cut its benchmark interest rate further by 75bp to 2%. Steeper than economists expected for a second month as inflation cooled to the slowest pace in 6 years. Thailand joins Indonesia, South Korea and Taiwan in cutting borrowing costs this month and may ease their policy further as the global recession curtails demand for Asian exports.
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