US EditionThai interest rate cut fuels stock market surge
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Thai interest rate cut fuels stock market surge
Thai interest rate cut fuels stock market surgeLegacyThailand’s stock market has been handed a shot of adrenaline after the Bank of Thailand (BoT) slashed its policy rate by 25 basis points to 1.50%, a move analysts say could send the SET index surging to 1,370 points by the year’s end. Market watchers hailed the rate cut as the start of “a policy-led re-rating phase” that will redirect domestic liquidity from low-yield government bonds into equ…
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