India, Feb. 25 -- Thailand's central bank lowered its key interest rate by 25 basis points to 1.00 percent in a 4-2 vote on Wednesday, defying expectations for no change.
"Most committee members voted to cut the policy rate by 0.25 percentage point, from 1.25 to 1.00 percent, to ensure that financial conditions remain supportive of economic recovery and to further alleviate debt burdens for SMEs and households, as well as to anchor medium-term inflation expectations amid heightened downside risks," the central bank said.
Two members of the Monetary Policy Committee voted to maintain the policy rate at 1.25 percent as they judged that the current monetary policy stance remains consistent with the economic and inflation outlook.
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