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May's Must-See Financial Events: Apple & Nvidia Earnings, Berkshire Meeting, Interest Rate Decision, and More
The Bank of Thailand has lowered the key interest rate to its lowest level in two years. The governor previously warned that trade conflicts could lead to an economic storm.
The Bank of Thailand has consecutively lowered interest rates in its second meeting, marking the third rate cut since October last year, aimed at boosting the confidence of businesses and consumers affected by trade conflicts and the earthquake on March 28. The monetary policy committee, consisting of seven members, voted 5-2 to lower the one-day repurchase rate by 25 basis points to 1.75%, the lowest level in two years, aligning with the expectations of 17 out of 21 economists surveyed, while the remaining economists predicted that the rate would remain unchanged. The day before, Bank of Thailand Governor Sethaput Suthiwartnarueput stated.
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