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Thailand to increase interest rate

07-07-2010 14:06 BJT Special Report:

Bank of Thailand's governor has hinted that interest rates will be increased this year. The announcement comes as the country continues a steady economic recovery.

The governor says the need for a low policy rate had diminished, as the economy enters the full recovery stage. The normalization of the policy rate, raising it from a historically low level of about 1.2 percent, will become necessary to prevent unexpected inflation.

The governor says a raised policy rate will not affect the inflow of foreign capital, because it will not be a big hike. The governor also points to many factors, including the forecast inflation rate and economic growth in the next period, as determining factors, not just current inflation.

Editor:Xiong Qu |Source:

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