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Thailand cuts rates to record low to suppress surging baht

Sluggish growth also prompts kingdom's central bank to follow peers

The Bank of Thailand, the country's central bank, cut its benchmark interest rate to 1.25% on Wednesday, equaling the all-time low it reached between April 2009 and July 2010. (Photo by Rie Ishii)

BANGKOK -- Thailand's central bank cut its benchmark interest rate on Wednesday as it tries to boost sluggish growth and keep a lid on the currency.

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