TITLE

BoT Enacts 50bps Rate Cut, With More To Come

PUB. DATE
May 2007
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;May2007, Vol. 18 Issue 5, p3
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article reports on the impact of the move of the Bank of Thailand to cut interest rates by 50 basis points (bps), during a political crisis, on the economic condition of Thailand. The aim of the move is to kick start sluggish domestic demand and limit gains in the baht. The move resulted to a deceleration in the manufacturing industries and a deterioration in consumer confidence and business indices.
ACCESSION #
24805779

 

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