India, Feb. 26 -- The Thai central bank reduced its key interest rate on Wednesday to address the increasing downside risks to the economy amid persistently low inflation.
The Monetary Policy Committee of Bank of Thailand voted 6-1 to cut the policy rate by 25 basis points to 2.00 percent from 2.25 percent. One rate-setter preferred to keep the rate unchanged.
The previous change in the policy rate was a 25-basis point reduction in October.
Policymakers observed that the lower policy rate is consistent with the current assessment of the economic outlook and remains robust to risks going forward.
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Members said policies are needed to increase economic com...