Thailand Central Bank Cuts Rate by 0.25% to 2.25% to Ease Debt, Boost Exports
On Oct 16, 2024, the Bank of Thailand's MPC voted to cut the policy rate by 0.25% to 2.25%, aiming to ease loan pressure for households and SMEs, boost liquidity, and reduce high household debt and NPLs. The cut hedges THB appreciation, supports exports, consumption, investment, and aids tourism and real economy recovery.
On Oct 16, 2024, the Bank of Thailand's MPC voted to cut the policy rate by 0.25% to 2.25%, aiming to ease loan pressure for households and SMEs, boost liquidity, and reduce high household debt and NPLs. The cut hedges THB appreciation, supports exports, consumption, investment, and aids tourism and real economy recovery.
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