The Bank of Thailand has slashed interest rates a quarter point to 1.5%, the first reduction since 2015.
The surprise announcement comes as the strength of the baht is creating pain in an export sector already beleaguered by the Sino-American trade war. Exports are slowing along with other key economic indicators such as GDP and tourism.
Private consumption is forecast to fall with employment also taking a hit.
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Growth of Thai economy slows to 5-year low
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