The Bank of Thailand (BoT) yesterday decided to raise its 15-month-long key policy rate of 1.25 percent by 0.25 percent, due to the country’s economic recovery and the central bank’s confidence in continuous economic growth.
In April last year, the BoT’s Monetary Policy Committee (MPC) had cut the one-day repurchase rate from 1.50 to 1.25 percent when the global financial crisis, which hit its peak in September and October 2008, still affected Thai economy significantly through the contraction of the country’s exports.
The 1.25-percent policy rate was then put on hold during …

Thailand’s Cabinet yesterday endorsed the nomination of Dr Prasarn Trairatvorakul, currently the president of Kasikornbank Plc, as the new governor of the Bank of Thailand (BoT).
The 58-year-old, Harvard-educated, banker will succeed Dr Tarisa Watanagase who will retire at the end of September, after receiving a Royal appointment from His Majesty the King.

Dr Prasarn Trairatvorakul earned undergraduate and graduate degrees in engineering respectively at Chulalongkorn University and the Asian Institute of Technology in Bangkok before moving to Harvard for an MBA and doctorate on a scholarship from the Ananda Mahidol …

The Bank of Thailand (BoT) yesterday decided to keep the key interest rate unchanged at 1.25 percent during the fourth meeting of its Monetary Policy Committee (MPC) this year.

BoT assistant governor Paiboon Kittisrikangwan, who announced the outcome of the Monetary Policy Committee (MPC) meeting, disclosed that the decision to maintain the policy rate at 1.25 percent was mainly due to the uncertainties related to the impact of sovereign debt problems in Europe and the domestic political situation which are still the key risks to Thailand’s growth outlook.
According a statement of …

The Bank of Thailand (BoT) yesterday decided to keep its policy interest rate, which has come into effect since early April last year, unchanged at 1.25 percent.
The central bank’s Monetary Policy Committee (MPC) during its meeting yesterday still saw several risk factors which could hamper the continuation of global economic recovery despite the country’s economy has improved satisfactorily since the last quarter of last year.
Paiboon Kittisrikangwan, the central bank’s assistant governor, on behalf of the MPC’s secretary, said although the global economic outlook has improved and some countries have begun …

The Bank of Thailand (BoT) yesterday cut its policy interest rate by 50 basis points to 1.50 percent with an aim to support economic recovery and safeguard price stability.
The central bank’s assistant governor Duangmanee Vongpradhip said the Monetary Policy Committee (MPC) found that the ongoing global financial crisis had resulted in an economic slowdown worldwide with high uncertainty surrounding the economic outlook.
She said the sharp decline in external demand adversely affected Thailand as well as other countries in this region through a marked contraction in exports.
The MPC, she said, also …