Thailands ...
Thailands Central Bank Cuts Interest Rates Amid Economic Concerns
The Bank of Thailand (BOT) has announced a 25 basis point reduction in its key policy interest rate, bringing it down to 1.75%. This decision, effective from April 30, 2025, aims to stimulate economic growth, which has been under pressure due to global trade tensions and domestic challenges.
Economists had anticipated this move, as the Thai economy grapples with a weakened growth outlook. The BOT's revised GDP growth forecast for 2025 stands at 2.1%, a significant decrease from the previous estimate of 2.9%. Factors contributing to this adjustment include the impact of U.S. tariffs on Thai exports and sluggish business sentiment.
This rate cut reflects the BOT's proactive approach to address economic challenges and underscores the importance of adaptive monetary policy in maintaining economic stability
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