Thailand unexpectedly cuts interest rate to record low
Economy forecast to expand at slower rate; virus outbreak will impact Chinese tourism and trade
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Bangkok
THAILAND'S central bank unexpectedly cut its benchmark interest rate for a third time in six months on Wednesday, taking it to a record low as a virus spreading from China puts further pressure on the struggling economy.
The Bank of Thailand's (BOT) monetary policy committee voted unanimously to cut the one-day repurchase rate by 25 basis point to a fresh record low of 1.0 per cent, the lowest in Asia outside of Japan.
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