Thailand Embraces Easing Stance as Trade War Ravages Growth

The Bank of Thailand cut its key interest rate and said it stands ready to ease monetary policy further as the global trade war prompts a sharp downgrade in the outlook for economic growth.

The BOT’s seven-member Monetary Policy Committee voted 5-2 to lower the one-day repurchase rate by a quarter point to 1.75%, the lowest level in two years, as predicted by 17 of 21 economists surveyed by Bloomberg.