BANGKOK: Thailand’s central bank cut its key interest rate by 25 basis points to a record low of 0.75% in a special meeting on Friday, it said in a statement.
It viewed that the Covid-19 outbreak in the period ahead would be more severe than previously expected and that the situation would take some time before returning to normal. This would severely affect the Thai economy, the statement added.
The outbreak resulted in concerns among global financial markets, affecting liquidity and the functioning of Thai financial markets despite overall stability of the financial system, it said. – March 20, 2020, Reuters
