Thailand's central bank cuts interest rates
Thailand's central bank
Bangkok - QNA
Thailand's central bank cut interest rates to boost exports, a Thai deputy prime minister said on Thursday.
The cut would restrain the recent rise of the baht, and "a weaker baht will help exports," said Pridiyathorn Devakula, speaking at an investor's conference in Bangkok.
The Bank of Thailand lowered base interest rates late Wednesday for the first time in a year, from 2 to 1.75 per cent.
"The economy is projected to recover more slowly than formerly assessed," the bank said in its explanation of the move.
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