MPC keeps policy interest rate at 2.75% | Bangkok Post: business

Business > News

MPC keeps benchmark rate at 2.75%

The Bank of Thailand's Monetary Policy Committee (MPC) has kept its benchmark interest rate unchanged at 2.75%.

The committee members on Wednesday afternoon voted six to one not to cut the policy interest rate because they believed the current rate was in line with the overall economic situation.

The MPC said the global economy was more stable and Thailand's gross domestic product growth was higher than expected in the fourth quarter of 2012,  while the inflation rate continued to increase because of fuel prices.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Most Viewed

  • Thailand to bend to investors' needs

    TOKYO – Thailand will go the extra mile to accommodate the wishes of long-term Japanese investors by introducing new regulations more in line with the recommendations they have made, Prime Minister Yingluck Shinawatra said on Friday.

Forum

image

Your comments

  • whatajoke

    ThailandPost : 1,779

    Send message

    Discussion 3 : 21 Feb 2013 at 10.373

    We're heading for a fall, and there's nothing the BoT can do about it. The Govt could by reigning in populist spending to a more measured rate, and legislating tighter currency and money laundering controls. They could tax land (to avoid a bubble driven by speculators) and stop driving the debt ratio up, since the credit bureaux will inevitably have to rethink our rating based on risk.

  • jwatch

    ThailandPost : 698

    Send message

    Discussion 2 : 20 Feb 2013 at 21.262

    Was Virabongsa Ramangkura Governor of the BOT in/around 1996/1997?

  • pete

    ThailandPost : 435

    Send message

    Discussion 1 : 20 Feb 2013 at 18.511

    “The country's GDP grew by 18.9% in the previous quarter”.

    Such a figure is not comparable because during the fourth quarter of 2011 Bangkok and the Central Plains were under floodwater and manufacturing was at a standstill. At best it is irresponsible to publish the figure without making reference to the floods. The MPC should know it is a claim that cannot be justified as real GDP growth when the comparable quarter produced a below zero figure. The MPC board appear to have short memories, if not they’re trying to hoodwink everybody.

Reply

Sign in once and access every part of the website at your convenience!

Please log in to our Bangkokpost.com community to post your comment.
You can sign in to the community by clicking here.

If you are not part of the community yet, please sign up here. By being part of this community you will get all these privileges.