News Forum - Bank of Thailand slashes interest rates after four-year freeze

[Thaiger]

The Bank of Thailand (BoT) has stunned financial markets by slashing its key interest rate for the first time in four years, buckling under mounting pressure from the government to revive the sluggish economy. The unexpected move saw the one-day repurchase rate trimmed by 25 basis points, bringing it down to 2.25% from its 10-year … …

The story Bank of Thailand slashes interest rates after four-year freeze as seen on Thaiger News.

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[ChrisS]

.25% is hardly "slashing" as the headline reads!

[Skip]

9 hours ago, ChrisS said:

.25% is hardly "slashing" as the headline reads!

25 basis points is a significant change in any economy

[ChrisS]

10 hours ago, Skip said:

25 basis points is a significant change in any economy

Not disputing it is a reasonably significant change but still do not feel this justified the headline 'slashing" as .25% is not an uncommon raise/drop in interest rates.

[Skip]

13 hours ago, ChrisS said:

Not disputing it is a reasonably significant change but still do not feel this justified the headline 'slashing" as .25% is not an uncommon raise/drop in interest rates.

It is in Thailand