AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thai Bank Chief Says U.S. Fed's Interest-Rate Cut Will Help World Economy.
Oct. 4--The latest interest rate cut by the US Federal Reserve would help the global economy overall, said M.R. Pridiyathorn Devakula, governor of the Bank of Thailand.
He said local regulators would continue to monitor global markets before making any decision on whether domestic interest rates needed to be adjusted.
If the rate cut succeeded in boosting consumer confidence in the US, it would benefit the Thai economy and exports, M.R. Pridiyathorn said.
He said the central bank would monitor Libor (London Interbank Offered Rate) for changes following the US rate cut in considering whether a change in local rate policy was required.
The Federal Open Market Committee on Tuesday cut its Fed Funds rate by 0.5 percentage points to 2.5 percent , the ninth cut made this year in an effort to boost the sagging US economy.
The latest rate cut brings US short-term rates on par with Thailand's key 14-day repurchase rate.
Many analysts, including the International Monetary ...
- Bangkok Post, Thailand, Nikhil B. Srinivasan Column.
- Newspaper article from: Knight Ridder/Tribune Business News January 9, 2003 700+ words
...Nikhil B. Srinivasan, Bangkok Post, Thailand Knight Ridder...end) and a further rate cut in Europe is very likely...NNNN To see more of the Bangkok Post, or to subscribe to...bangkokpost.com (c) 2003, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, Business Briefs Column.
- Newspaper article from: Knight Ridder/Tribune Business News June 17, 2003 700+ words
Bangkok Post, Thailand Knight Ridder...to 6.25 percent. The rate cut is the second for the...prices. To see more of the Bangkok Post, or to subscribe to the...bangkokpost.com (c) 2003, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, business briefs column.(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 6, 2007 700+ words
...is correcting on the belief that the rate-cut cycle is nearing the end" after the...ratio 1.64 times. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...
- Bangkok Post, Thailand, business briefs column.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 21, 2007 700+ words
...quarter-point, with the minimum lending rate cut to 7.25 percent, minimum overdraft...the week before. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...
- Bangkok Post, Thailand, Travel Column.
- Newspaper article from: Knight Ridder/Tribune Business News July 28, 2003 700+ words
By Imtiaz Mu...bil, Bangkok Post, Thailand Knight Ridder/Tribune...operators for a further 20 percent rate cut to facilitate a fast recovery in...no guarantee that their 20 percent rate cut would actually translate into an...
- Thai Central Bank Aims at Deflation with Interest Rate Cut.
- Newspaper article from: Knight Ridder/Tribune Business News July 3, 2003 700+ words
...Parista Yuthamanop, Bangkok Post, Thailand Knight Ridder...Last Friday's rate cut by the central bank...To see more of the Bangkok Post, or to subscribe to...bangkokpost.com (c) 2003, Bangkok Post, Thailand. Distributed...
- Surprise Interest Rate Cut by Bank of Thailand Sparks Market Selloff.
- Newspaper article from: Knight Ridder/Tribune Business News June 28, 2003 700+ words
...Parista Yuthamanop, Bangkok Post, Thailand Knight...said the interest rate cut was aimed at closing...exports. "The rate cut will help adjust...of the interest rate cut was appropriate...see more of the Bangkok Post, or to subscribe...
- Thai Bond Yields to Fall on Rate-Cut Hopes.
- Newspaper article from: Knight Ridder/Tribune Business News December 24, 2002 700+ words
Bangkok Post, Thailand Knight Ridder/Tribune Business...reignited hopes of a commercial bank interest rate cut. News that Thailand would borrow less...collect more revenue." To see more of the Bangkok Post, or to subscribe to the newspaper, go...