Bank of Thailand raises interest rate by 0,25 to 3,50 %

The Bank of Thailand increased its one-day bond repurchase rate by a quarter percentage point to 3.50 percent, the central bank said today in Bangkok. Policy makers said they are ready to raise the rate again if inflation doesn’t slow. (Bloomberg).

This decision was expected.

The BOT was on hold at 3,25 since august 2007 (the last hike was actually in july 2006…)

(source BOT, table FM_RT_001_S2)

Anyway. The real interest rates are still negative (look at the chart here).

This quarter of point is a baby step… A symbolic one.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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