ID :
156928
Wed, 01/12/2011 - 16:58
Auther :

Bank of Thailand raises key policy rate by 0.25%

BANGKOK, Jan 12 (TNA) - The Bank of Thailand (BOT) has raised its policy interest rate by 0.25 per cent to 2.25 per cent, from 2 per cent, to curb rising inflation on the domestic market.

Paibul Kittisrikangwan, BOT Assistant Governor, said the decision was made at a meeting of the Thai central bank's Monetary Policy Committee (MPC) on Wednesday (Jan 12), taking the country's updated economic situation and inflation trend into consideration.

Paibul revealed that the MPC's new resolution was also aimed at returning the BOT's key interest rate, or the repurchase rate (RP), back to a normal level, saying that Thailand's actual RP is still at a minus range even after today's increase in the policy interest rate. (TNA)

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