ID :
154621
Fri, 12/24/2010 - 18:07
Auther :
Shortlink :
http://m.oananews.org//node/154621
The shortlink copeid
Thai BOT warns of higher interest rates
BANGKOK, Dec 24 (TNA) - The Bank of Thailand (BOT) has warned local people and business persons of higher interest rates next year--when the overall national economy should further expand.
BOT Governor Prasarn Triratvorakul said on Friday (Dec 24) during his speech at "Thailand Smart Money 2010-2011 event" in Bangkok that the Thai economy has already returned to its normal track; so a policy on low interest rates is no longer practically-necessary, as it will spur inflation, cause imbalance in the overall Thai economy and affect optimal adjustments in the local business sector.
Therefore, the BOT chief said that local business and civil sectors should prepare for a gradual interest rate hike next year. (TNA)
BOT Governor Prasarn Triratvorakul said on Friday (Dec 24) during his speech at "Thailand Smart Money 2010-2011 event" in Bangkok that the Thai economy has already returned to its normal track; so a policy on low interest rates is no longer practically-necessary, as it will spur inflation, cause imbalance in the overall Thai economy and affect optimal adjustments in the local business sector.
Therefore, the BOT chief said that local business and civil sectors should prepare for a gradual interest rate hike next year. (TNA)
