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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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.