BoT Hikes Policy Rate, But Pause Likely From Here

October 2008
Asia Monitor: South East Asia Monitor Volume 1;Oct2008, Vol. 19 Issue 10, p1
Country Report
The article reports on the interest rate hike made by the Bank of Thailand (BoT) on August 27, 2008 in Thailand. Accordingly, the hike was encouraging since it reassured the market that the monetary authorities have not caved in fully to the pressures of the embattled government. It is stated that the deceleration of headline inflation in August 2008 to 6.4%, has likely brought some leeway for the authorities to focus on growth.


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