{Advertisements}

{Advertisements}

Author Topic: Bank of Thailand no interest rate change  (Read 11424 times)

0 Members and 1 Guest are viewing this topic.

Offline Admin

  • Administrator
  • Gifte​d Poster
  • *
  • Posts: 5587
  • Gender: Female
  • Admin
    • www.buriramexpats.com
Bank of Thailand no interest rate change
« on: May 20, 2009, 10:17:04 PM »
Bank of Thailand no interest rate change 
Bangkok Post: 20 May 2009
Interest rate fixed at 1.25%

By: BangkokPost.com 03:41 PM


The Bank of Thailand's Monetary Policy Committee (MPC) on Wednesday decided not to cut the policy interest rate and to fix the one-day repurchase (RP) rate at 1.25 per cent.

Central bank deputy governor Atchana Waiquamdee said the MPC agreed not to cut the policy interest rate because monetary policy had eased considerably.

The monetary policy had already been loosened in the past few months and there was some room for the financial policy to be applied, Mrs Atchana said.

The MPC expected the global financial crisis could continue to weaken the Asian economy, she said

However, the international monetary market had strengthened while the monetary and financial polices carried out by many countries had started to see positive results.

As for Thailand, she said some economic indicators showed that the contraction had slowed down, the inflation rate remained low, and the amount of spending had increased.

But there were still risks in the road to economic recovery, she warned.

 sawadi

 

Search Option


Advanced Search
Recent Posts
Re: New Passport Photo by Rossco
November 08, 2024, 06:29:21 PM

Re: New Passport Photo by Gerry
November 07, 2024, 04:28:31 PM

New Passport Photo by Rossco
November 04, 2024, 10:08:09 AM

Re: Parking @ Chong Chom Border Crossing by andy
October 16, 2024, 05:16:23 PM

Re: Condo for sale by DeputyDavid
October 16, 2024, 04:21:33 PM

Sander 3 door fridge for sale by DeputyDavid
October 15, 2024, 12:32:29 PM

Re: Parking @ Chong Chom Border Crossing by Gerry
October 07, 2024, 05:09:11 PM

Parking @ Chong Chom Border Crossing by andy
October 06, 2024, 06:50:48 PM

Re: information on how to get a child a Thai ID card by Gerry
August 29, 2024, 02:33:22 PM

information on how to get a child a Thai ID card by Murtle_71
August 29, 2024, 07:11:47 AM

Todays Birthdays
Powered by EzPortal