Muay Thai to make debut at Paris Olympics as demonstration event

Muay Thai, the national sport of Thailand, will be featured as a demonstration event in Paris for the first time in the history of the Olympic Games.

Fighters from 24 countries will have the opportunity to showcase their skills in a specially-constructed Muay Thai stadium at Club France, laying a foundation for the fighting style to become an official Olympic event.

Muay Thai is a martial art where grace and ferocity coexist. Each strike is delivered with devastating precision, fighters push themselves to their limits, and the audience is drawn into their struggle.

With dreams of the sport making its Olympic debut growing bigger, the progress also comes with concerns that Muay Thai could lose its ancient traditions, as fighters wear little safety gear and the sport allows some moves that are banned in other forms of kickboxing. But following the sport’s Olympic recognition in 2021 after a two-decade journey, there has been a concerted effort to enhance safety by standardizing rules and improving safety protocols.

For now though, Thais are rejoicing that Muay Thai is one step closer to its Olympic dream.

"Thai people have been waiting for Muay Thai to be included in the Olympics for a long time. If it is included in the next Olympic Games in Los Angeles, it would be a huge success that is most worth the wait," said Thana Chaiprasit, vice president of the National Olympic Committee of Thailand.

As Muay Thai's popularity continues to soar, its influence is spreading far beyond its birthplace. Today there are more than 40,000 Thai boxing gyms worldwide, a growing legion of fighters.

Yet, there is one whose name stands above the rest, synonymous with both the ancient art and its modern resurgence -- Buakaw Banchamek. Boasting over 240 career wins and 74 knockouts, his influence transcends the ring as he is set to perform a Muay Thai demonstration at the 2024 Paris Olympics.

"As someone who has helped promote this martial art around the world, I want people to appreciate the art of Muay Thai. We want to develop this to be an international sport where everyone accepts its rules and regulations. This important step excites our whole country as our fighters and our art form will be included in the world's biggest sporting event," said Buakaw.

Muay Thai to make debut at Paris Olympics as demonstration event

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points