Thailand's central bank slashed its key interest rate to a record low on Wednesday, in a bid to support growth and inflation, and relaxed the rules to boost capital outflows to ease the pressure on the Thai baht.
The Monetary Policy Committee voted 5-2 to cut the policy rate by 25 basis points to 1.25 percent, the bank said in a statement. The reduction was in line with economists' expectations.
Th policy rate was left unchanged in the previous policy session in September.
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