Thai Central Bank raises rate 0.25%

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Thai Central Bank raises rate 0.25%  
Bangkok Post: 25 Aug 2010
MPC raises RP rate by 0.25%

* Published: 25/08/2010 at 02:38 PM


The meeting of the central bank’s Monetary Policy Committee (MPC) has on Wednesday agreed to raise the repurchase rate (RP) by 0.25%, from 1.50% to 1.75%, reports said.

The new policy rate takes effect immediately.

The panel said the policy rate is now on the upward trend, in line with the economic recovery, according to the reports.

http://www.bangkokpost.com/breakingnews/192866/mpc-raises-rp-rate-by-0-25

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GHB to maintain loan rates till year end

* Published: 25/08/2010 at 02:07 PM


Even if the central bank’s Monetary Policy Committee raises the repurchase rate by 0.25 percentage points today, the Government Housing Bank (GHB) will keep its loan rates unchanged until the end of the year, GHB president Khan Prachuabmoh said on Wednesday.

The monetary policy panel will today decide whether to increase the policy rate, which currently stands at 1.50 per cent.

“We will maintain loan rates because we do not want to place and added burden on our customers. Moreover, we still have sufficient liquidity for the expansion of our lending portfolio,” said Mr Khan.

The state-owned bank’s president said that GHB will consider raising loan rates only when the Bank of Thailand has increased its RP rate to at least one per cent.

http://www.bangkokpost.com/breakingnews/192864/ghb-to-maintain-loan-rates-till-year-end

He believed the central bank would raise the policy rate by 0.25 percentage points at each monthly meeting of the monetary policy panel this year.