ID :
186403
Sat, 06/04/2011 - 10:19
Auther :
Shortlink :
http://m.oananews.org//node/186403
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BOT warns of inflationary pressure
BANGKOK, June 4 (TNA) - The Bank of Thailand (BOT) has warned of a rising inflationary pressure in the country, saying that the inflation rate may rise to 3 per cent in the last half of this year, days after it decided to raise its key interest rate, the repurchase rate, to a highest level to curb the inflation.
Amporn Sangmanee, Director of the BOT's Monetary Policy Department, confirmed the rising inflationary pressure, expressing his concerns over negative factors attributing to the edging up inflation, namely rising oil and commodity prices.
Amporn noted that the Thai economy was capable of posing a 4.5 per cent growth rate this year if inflation was under control.
The Thai central bank raised its policy interest rate by 0.25 per cent, from 2.75 to 3.00 per cent, on June 1 effective immediately. Amporn insisted that the increased rate is necessary to deter the risk of accelerating inflation in the country. (TNA)
Amporn Sangmanee, Director of the BOT's Monetary Policy Department, confirmed the rising inflationary pressure, expressing his concerns over negative factors attributing to the edging up inflation, namely rising oil and commodity prices.
Amporn noted that the Thai economy was capable of posing a 4.5 per cent growth rate this year if inflation was under control.
The Thai central bank raised its policy interest rate by 0.25 per cent, from 2.75 to 3.00 per cent, on June 1 effective immediately. Amporn insisted that the increased rate is necessary to deter the risk of accelerating inflation in the country. (TNA)
