The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.



The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.



They also projected slower economic growth, as Thai manufacturers, notably automotive and petrochemical makers, are facing intense competition from imported goods.
The Thai central bank had been cautious about rate cuts despite growing calls from political and business leaders.
Other central banks in Asia and Oceania have also cut rates due to growing worries about US tariffs as well as slowing inflation.