lonelywombat
December 4th, 2008, 11:21
The Bank of Thailand shocked the financial markets on Wednesday with its largest-ever rate cut to help prop up the sagging economy.
The central bank's Monetary Policy Committee cut its benchmark one-day repurchase rate by a full percentage point to 2.75 per cent, the largest cut since the MPC's establishment in 2000.
The reduction was double the 50 basis points expected by most analysts, and helped push bond yields sharply lower in the money markets.
full article here
http://www.bangkokpost.com/topstories/t ... ?id=135157 (http://www.bangkokpost.com/topstories/topstories.php?id=135157)
The central bank's Monetary Policy Committee cut its benchmark one-day repurchase rate by a full percentage point to 2.75 per cent, the largest cut since the MPC's establishment in 2000.
The reduction was double the 50 basis points expected by most analysts, and helped push bond yields sharply lower in the money markets.
full article here
http://www.bangkokpost.com/topstories/t ... ?id=135157 (http://www.bangkokpost.com/topstories/topstories.php?id=135157)