New Bank Pneumonia Impacts Thai Bank's 1% of New Year's Policy Interest Rate, Feb 5 19:43
The central bank of Thailand held a meeting to determine monetary policy on Tuesday, and as the spread of the new coronavirus has seriously affected the tourism industry, the economic slowdown has intensified, and in order to support the economy, We have decided to lower our policy interest rate to a record low of 1%.
Thailand's central bank held a monetary policy meeting yesterday, and decided to lower the policy rate by 0.25% from the current 1.25% to 1% in order to support the slowing economy.
The policy rate has been cut since last November's meeting, with a 1% policy rate hitting a record low.
Reasons for the rate cut include the serious outbreak of the new coronavirus in the tourism industry, a decline in exports, which could disrupt supply chains, and the effects of drought on agriculture. Are listed.
At a press conference, an executive at the Central Bank of Thailand said, "Risk factors such as the spread of infections are having a significant impact on the economy, and we will monitor the future situation and further impacts."