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Thailand cuts interest rates in surprise move

Bank of Korea Governor Lee Ju Yeol said that the central bank, which cut Korean rates, "decided to act pre-emptively".


SURPRISES are becoming more common than not, when it comes to central banks.

Thailand - a one-time export powerhouse that's seen its manufacturing mojo dim somewhat in recent years amid historic flooding and political infighting - lowered its main rate to 1.75 per cent on...

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