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Category: Property Market

Thailand’s central bank cuts interest rate

Shares in Thailand’s property firms rallied on Wednesday after the central bank unexpectedly cut rates. The property sub-index jumped 3.2 percent, the best performing sector on the Thai stock exchange. “The unexpected rate cut gave a psychological lift to the laggard sector,” said analyst Danai Tunyapisitchai of broker Phillip Securities. “Lower rates fundamentally are positive […]

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