Thai central bank raises interest rate
Source: Agencies |
August 26, 2010, Thursday
|
Print Edition
Print Edition
THAILAND'S central bank raised its interest rate by a quarter percentage point yesterday after Southeast Asia's second-largest economy grew at a blistering pace in the first half of the year.
The increase in the benchmark interest rate to 1.75 percent comes after a rise in July that was the first in two years.
Central banks in Asia from Malaysia to India have been raising interest rates in the past few months to stem the threat of higher inflation as the regional economy rebounds from last year's global recession.
Assistant Governor Paiboon Kittisrikangwan said Thailand's economic growth in the first half was "beyond expectation," helped by a rise in household spending and increased productivity.
The increase in the benchmark interest rate to 1.75 percent comes after a rise in July that was the first in two years.
Central banks in Asia from Malaysia to India have been raising interest rates in the past few months to stem the threat of higher inflation as the regional economy rebounds from last year's global recession.
Assistant Governor Paiboon Kittisrikangwan said Thailand's economic growth in the first half was "beyond expectation," helped by a rise in household spending and increased productivity.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
