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  1. #1
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    Banker: MPC likely to raise rate

    http://www.bangkokpost.com/news/loca...se-policy-rate

    Banker: MPC likely to raise rate
    • Published: 12/01/2011 at 12:12 PM
    • Online news:

    The central bank’s Monetary Policy Committee (MPC) is likely to increase the repurchase rate by 0.25 per cent to 2.25 per cent today, Banthoon Lamsam, CEO and president of Kasikornbank, said on Wednesday.

    The MPC will meet today to decide whether to raise the RP rate.

    MR Banthoon said this was because the country’s interest rate is lower than neighbouring countries, the accelerating high inflation rate and the baht’s appreciation was not too high. He added that the increase in the key policy rate would not have much impact on the overall economic outlook.

    The banker expected commercial banks would also increase interest rates in two or three days, if the MPC really raises the policy rate today.

    Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), disagreed. He expected the MPC would keep the policy rate unchanged at two per cent as the rate was already increased by 0.25 per cent last month.

    In addition, manufacturers are being affected from the increase in daily minimum wage and in prices of raw materials, Mr Payungsak said.

    He expected the MPC to wait for a while and raise the RP rate at its next meeting instead.
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar

  2. #2
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    http://www.bangkokpost.com/news/loca...s-rate-by-0-25

    MPC raises policy rate by 0.25%
    • Published: 12/01/2011 at 03:13 PM
    • Online news:

    The Bank of Thailand’s Monetary Policy Committee (MPC) raised the repurchase rate by 0.25 per cent, from 2.00 per cent to 2.25 per cent, to curb the high inflation rate, Paibul Kittisrikangwan, assistant governor for Monetary Policy Group at the Bank of Thailand said on Wednesday.

    Mr Paibul said the decision was based on the current economic situation, inflation and future trends with the major aim at curbing inflation spurred by the increase in prices of consumer goods.

    The policy rate increase was also aimed at returning the rate turn to a normal level. The true interest rate is still at a minus figure, even with today's raise in the RP rate, he said.

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