Thailand's central bank cut its benchmark interest rate by the most ever to revive the economy after mass protests drove the prime minister from office and a global recession sapped exports. The Bank of Thailand reduced its one-day bond repurchase rate by 1 percentage point to 2.75 percent, it said in Bangkok. None of the 21 economists surveyed by Bloomberg News forecast such a large cut. Thailand's economic growth slowed to 4 percent in the third quarter as exports cooled and the violent political protests damped domestic spending. (Bloomberg)
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