BUSINESS

Rate cut buoys set ahead of holiday as global stocks drift

Business, Nuntawun Polkuamdee, Published on 04/05/2015

» Recap: Global bourses moved mostly lower in response to disappointing US economic data and despite Federal Reserve signals that interest rates would not rise anytime soon. In Thailand, the SET rebounded on Thursday after the Bank of Thailand surprised the market by cutting its policy rate by 25 basis points to 1.50%.