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2012, May 23

Bangkok Increases Lending Rates to Highest Level in Three Years

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Bangkok Increases Lending Rates to Highest Level in Three Years

by CFO Innovation Asia Staff, 25 August 2011
topics:
Bank Borrowing/Credit Lines Finance and Banking
tags:
inflation interest rates lending rates
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For the sixth time this year, Thailand's central bank raised the lending rate by 25 basis points to 3.50 percent, the highest level in three years, reports Channel News Asia.

 

Days before the increase, Thailand's economy contracted 0.2 percent in the second quarter caused by a sharp slowdown in exports.

 

"All MPC [Monetary Policy Committee] members see higher risk to growth, but most still see that inflation risks outweigh risks to growth," says Bank of Thailand assistant governor Paiboon Kittisrikangwan.

 

 

MORE ARTICLES ON INTEREST RATES

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Thailand lifts rates despite economic jitters
Source: 
Channel News Asia
Orignal Author: 
CFO Innovation Asia Staff
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