Thai central bank to monitor US Fed rate cut

It is expected to further slash its benchmark interest rate of 1%.

The Bank of Thailand said it would monitor the impact of the US Federal Reserve’s interest rate cut on market sentiment, reports Reuters.

With the next policy review scheduled on 25 March, the Thai central bank is expected to further slash the benchmark interest rate, now standing at a record low of 1%.

Earlier this week, the US Fed had cut its target interest rate to near zero.

Here’s more from Reuters.

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