BANGKOK, Feb 25 - The Bank of Thailand cut its main interest rate by 50 basis points to 1.50 percent, as expected, on Wednesday, the third hefty cut in three months to support an economy heading for recession.
The following is a chronology of interest rate levels since 2001:
1-day repo rate (pct):
Feb. 25 1.50
Jan. 14-Feb. 25, 2009 2.00
Dec. 3 2008-Jan. 14, 2009 2.75
Aug. 27-Dec 3, 2008 3.75
Jul. 16-Aug. 27, 2008 3.50
Jul. 18, 2007-Jul. 16, 2008 3.25
May. 23-Jul 18, 2007 3.50
Apr. 11-May 23, 2007 4.00
Feb. 28-Apr. 11, 2007 4.50
Jan. 17-Feb. 28, 2007 4.75
Jan. 17 - Central bank switches to 1-day
repo rate for its policy benchmark
14-day repo rate (pct):
June 7, 2006-Jan. 17, 2007 5.00
Apr. 10-June 7, 2006 4.75
Mar. 8-Apr 10, 2006 4.50
Jan. 18-Mar. 8, 2006 4.25
Dec. 14, 2005-Jan. 18, 2006 4.00
Oct. 19-Dec 14, 2005 3.75
Sep. 7-Oct. 19, 2005 3.25
Jul. 20-Sep. 7, 2005 2.75
Jun. 9-Jul. 20, 2005 2.50
Mar. 2-Jun. 9, 2005 2.25
Dec. 15, 2004-Mar. 2, 2005 2.00
Oct. 20-Dec. 15, 2004 1.75
Aug. 25-Oct. 20, 2004 1.50
Jun. 27, 2003-Aug. 25, 2004 1.25
Nov. 19, 2002-Jun. 27, 2003 1.75
Jan. 21-Nov. 19, 2002 2.00
Dec. 25, 2001-Jan. 21, 2002 2.25
Jun. 8-Dec. 25, 2001 2.50
Prior to Jun. 8, 2001 1.50
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