ID :
138362
Thu, 08/19/2010 - 08:59
Auther :
Shortlink :
http://m.oananews.org//node/138362
The shortlink copeid
KBANK expects BoT to raise policy interest rate by quarter point
BANGKOK, Aug 19 – The Bank of Thailand (BoT) Monetary Policy Committee is expected to further raise the policy interest rate by 25 basis points at its next meeting on August 25 in response to the continued economic growth, according to a top banker.
Kasikornbank Capital Markets Business Division head Thiti Tantikulanan said Kasikorn Research Center forecast the policy interest rate would stay at 1.75-2 per cent this year and 2-2.5 per cent, depending on global economic recovery.
He said the Vietnamese government’s decision to further devaluate the dong by 2 per cent would "more or less" impact Thailand’s exports, but its currency devaluation lived up to expectations because Vietnam had experienced a trade surplus.
Previously, Vietnam had devalued its currency periodically. Even so, Thailand’s export figures continued increasing considerably.
Mr Thiti said the Thai economy had now recovered with a growth rate close to that of the pre-2008 crisis period. Still, the global economic uncertainties are a key risk factor that needs to be closely monitored. (MCOT online news)
Kasikornbank Capital Markets Business Division head Thiti Tantikulanan said Kasikorn Research Center forecast the policy interest rate would stay at 1.75-2 per cent this year and 2-2.5 per cent, depending on global economic recovery.
He said the Vietnamese government’s decision to further devaluate the dong by 2 per cent would "more or less" impact Thailand’s exports, but its currency devaluation lived up to expectations because Vietnam had experienced a trade surplus.
Previously, Vietnam had devalued its currency periodically. Even so, Thailand’s export figures continued increasing considerably.
Mr Thiti said the Thai economy had now recovered with a growth rate close to that of the pre-2008 crisis period. Still, the global economic uncertainties are a key risk factor that needs to be closely monitored. (MCOT online news)
