Wednesday, March 9, 2011

Bank of Thailand Lifts Rate 25bps to 2.50%

The Bank of Thailand increased the 1-day bond repurchase rate by 25 basis points to 2.50% from 2.25% previously. The Bank noted in its statement: "the MPC assessed that gradual normalization of the policy rate remains appropriate for anchoring inflationary expectations and reducing the risk of financial imbalances in the economy". Thailand reported annual inflation of 2.87% in February, with core CPI inflation at 1.35%, compared to 1.32% in January, and below the Bank's official inflation target of 3 percent.


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