BUSINESS

EIC expects single rate cut by year-end

Business, Somruedi Banchongduang, Published on 12/09/2019

» The Bank of Thailand is likely to cut the policy rate by 25 basis points a single time during the remainder of the year to prop up the moribund economy amid growing uncertainties, according to the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank (SCB).