Against a backdrop of weak growth, negative inflation and government pressure for further easing, the Bank of Thailand (BoT) cut its policy rate by 25 basis points for the second straight meeting today, bringing it to 1.50%, which is the lowest since July 2010. The BoT will be looking for signs of a more convincing economic recovery over the months ahead. If they do not emerge soon, then rates could be cut even further.
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