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Higher interest rates necessary for stability, Bank of Thailand official says.
Byline: Parista Yuthamanop
Jan. 4--Despite economic risks and uncertainties, interest rates will rise to help maintain long-term stability, according to according to Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
He said the central bank's Monetary Policy Committee (MPC) was likely to raise its 14-day repurchase rate further this year as economic growth continued to put pressure on prices.
Higher interest rates would also help support expected growth in private investment, and lead to improved efficiency in the use of financial resources.
With the current account surplus expected to narrow due to rising imports and more ...
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- Global Trend to Direct Interest Rates in Thailand.
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...inflation trends, global interest rates will remain the key...setting short-term interest rates. The central bank...growth remained stable. Dr Bandid said US interest rate...higher prices locally, Dr Bandid said at an industrial...
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...The Bank of Thailand yesterday left interest rates unchanged, with officials noting that...measures will no longer be necessary," Dr Bandid said. The government currently expects...baht on spending of 999 billion baht. Dr Bandid said the MPC was monitoring international...
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) June 18, 2003 700+ words
...to the weakening US dollar. Dr Bandid said low interest rates would help maintain momentum...due to higher farm prices, Dr Bandid said. Once growth picked up, both inflation and interest rates were set to increase as liquidity...
Source: HighBeam Research, Higher interest rates necessary for stability, Bank of Thailand...