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Thailand: BoT surprises market with rate cut

The Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy. The Monetary Policy Committee (MPC) voted 5-2 to cut the benchmark rate from 1.75% to 1.5%, akin to the […]

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Philippine economic growth slows in Q2

MANILA, Philippines — The Philippine economy grew slower than expected in the second quarter of the year amid a sluggish rebound in state spending after the late approval of the 2019 budget, the country’s statistics agency reported Thursday. Gross domestic product — the value of all finished goods and services produced in the country — expanded […]

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