Thai central bank cuts key rate again, lowers growth forecasts as tariffs loom

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BANGKOK: Thailand's central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to support an underperforming economy facing uncertainty over steep US tariffs.

"We think today's easing will be the last for the foreseeable future as the MPC (monetary policy committee) likely will adopt a wait-and-see approach with regards to the lingering tariff uncertainty," said Miguel Chanco, an economist at Pantheon Macroeconomics.

It predicted core inflation at 0.9 per cent this year versus 1.0 per cent seen earlier.

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Category: EconomyBusiness

Markets: SingaporeThailand

Topics: Seen Growth Trade 2025 Central Economy Cent Thailand Year Rate Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 15:04:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 548 words

Reading Time: 4 minutes read

Sentences: 25 lines

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News ID: 28296135

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