| Bank of Thailand Would Raise Interest Rate |
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Forexikon
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| Bank of Thailand Would Raise Interest Rate |
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The official from the Bank of Thailand said on Jan.26, 2011 that the bank would raise interest rate gradually in the near future to restrain inflation.
Bank of Thailand raised interest rate 25 basis points to 2.25% on Jan.12, 2011. The interest rate totally increased 75 basis points in 2010.
According to the report, Consumer Price Index in Thailand rose by 3% on December in 2010 and the core CPI increased by 1.4%, which was the biggest increase in 21 months.
Analyst pointed out that the negative interest rate was bad for the nation's economy. The inflation in Thailand would become serious as its monetary policy was too loose. Analyst also predicted that the rapid of economic growth in Thailand would increase to 3%-5% this year.
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Thu Jan 27, 2011 7:01 am |
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Volume
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And your point in posting this is..?
Showing us your signature?
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Mon Feb 07, 2011 11:08 pm |
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webgain
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good share... like your information buddy..
No fake signatures - thanks
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Thu Sep 29, 2011 7:33 am |
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StamfordPrivee
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Rising of interest rate in near future , investors may be worried to hear this. But good to hear that Thailand economy is also on rise. Thanks for such updating post.
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Fri Oct 07, 2011 1:52 pm |
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globaldoc2001
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Thailand is definitely on the rise. Businesses might be discouraged by the increasing interest rate, but I think the economy is strong enough to sustain this. In fact, I think this is just a minor glitch, as business establishments would grow to adapt to this quite easily. Also, foreign investment would still find Thailand attractive for investments despite this. Therefore, I think it is just fine.
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Sun Oct 09, 2011 4:54 pm |
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Albert45
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quote:
Originally posted by StamfordPrivee
Rising of interest rate in near future , investors may be worried to hear this. But good to hear that Thailand economy is also on rise. Thanks for such updating post.
I too agree with this guy..
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Wed Oct 12, 2011 6:57 pm |
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globaldoc2001
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I always remember how the tsunami brought Thailand down to its knees. Tourism was hurt badly. However, it was just a matter of time when Thailand rose again, and tourism was back. I see the sense of responsibility and their drive to survive. This is why I say it may hurt investors, but Thailand would be able to manage well through this.
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Thu Oct 13, 2011 5:27 pm |
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SFOasia
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Increase in interest rate will definitely affect the investors and the inflation must be control by implementing new and useful economic technique.
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Wed Nov 23, 2011 12:40 pm |
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alangrant01
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| sgfx financial |
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Even I agree your view Its an good thoughts
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Sun Dec 25, 2011 9:24 am |
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lukas79
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Hi,
Thailand is in the process of getting back on its feet after recent devastating floods. The effect of the floods on Thailand's economy has been immense. Small traders and multinationals alike have fallen victim to the water. Thailand is the primary manufacturing hub in South East Asia, exporting to neighboring countries in particular. The floods have badly disrupted this important aspect of Thai economy. About 45% of the world's computer hard-drives are produced in Thailand, but manufacturers like Toshiba and Western Digital have shut down operations at waterlogged plants.
I know the Thai people are resilient, and the government there is also trying its level best to bring the economy back on to the growth track. But a calamity of such magnitude will take some time to get over.
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Thu Jan 12, 2012 10:49 pm |
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pnatal
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It is true that his change is expected. I have checked out the financial rumors at furify.com but do not see Thailand mentioned
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Tue Jan 17, 2012 5:19 am |
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