Policy Rate Hiked As Expected

Policy rate hiked as expected

By Seetalavajit Sabayjai

The Nation

As expected, the Bank of Thailand's Monetary Policy Committee today raised the policy rate by 25 basis points to contain rising inflationary pressure.

After the rate hike, the policy rate will be 2.50 per cent.

Due to higher inflationary pressure as a result of surging in oil prices, the central bank also revised its estimated range of headline inflation for 2011 by 50 basis points to 3-5 per cent from the previous estimate's 2.5-4.5 per cent, said the BOT assistant governor Paiboon Kittisrikangwan.

-- The Nation 2011-03-09