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Huge Rate Cut Aims to Restart Thai Economy

Central bank surprises analysts as country forms new government

By Jason Farago, Newser Staff

Posted Dec 3, 2008 8:22 AM CST

(Newser) – The Bank of Thailand today cut interest rates by 100 basis points, more than any observers expected, as the besieged nation tries to restart its economy. As Bloomberg reports, the 6-month protest that ended with the ouster of PM Somchai Wongsawat sapped exports and aggravated... Read full story »

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Huge Rate Cut Aims to Restart Thai Economy

Central bank surprises analysts as country forms new government

Thailand • interest rate cut • economy • Somchai Wongsawat • financial crisis

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Stocks Sink as Bernanke Hints at Rate Cut

After early optimistic surge, Dow falls 300 points

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

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Former Fed chief takes heat on Capitol Hill

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$30B default could still take out other economies

Economy Grows in Q3, Signals End of Recession

Tenuous 3.5% growth is best showing in two years

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