ID :
292584
Wed, 07/10/2013 - 20:31
Auther :

Thailand's key interest rate maintained at 2.5%

BANGKOK, July 11 (TNA) - The Bank of Thailand (BOT) has maintained its key interest rate, or repurchase rate, at 2.5 per cent to stimulate the slowing down national economy. BOT Assistant Governor Paiboon Kittisrikangwan told journalists on Wednesday afternoon that the unanimous decision was made at the latest meeting of the BOT's Monetary Policy Committee (MPC) in Bangkok earlier in the day with immediate effect. Paiboon acknowledged that the MPC viewed that the Thai economy is slowing down due to a drop in domestic demand and exports, as household debts have increased, people are more careful with their spending and the government has ended its economic stimulus policies. According to the BOT assistant governor, the 2.5 per cent repurchase rate is a relaxed level and is suitable for Thailand's present economic situation. The BOT assistant governor said whether the central bank's key interest rate will be maintained until the end of this year depends on internal and external economic factors, as well as the period of delayed investment projects in the Thai public sector, assessing that domestic consumption should return to normal in the coming months, thanks to strong fundamentals of the Thai economy, including satisfactory employment and people's good income. (TNA)

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