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Recent Member Diaries

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by Sapna Sambyal - October 19

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More Diaries...

Thailand Raises Key Rate to 5%, Citing Inflation

By Phisanu Phromchanya and Tom Fox
Word Count: 417
BANGKOK, Thailand -- The Bank of Thailand raised its key interest rate by a quarter of a percentage point to 5%, citing a higher-than-expected inflation rate, but hinted the rate increase may be the last in this tightening cycle.
Slowing economic growth amid high oil prices, rising interest rates and political uncertainty, combined with expectations that inflation will ease in the third quarter, mean the central bank likely will adopt a neutral policy stance after steadily raising rates since mid-2004.

"Provided that there are ...

By Rajesh Kumar, Section Business
Posted on Wed Jun 07, 2006 at 09:16:46 PM EST
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