MPC ups policy rate by 25bps

By The Nation

The Monetary Policy Committee on Wednesday resolved to raise the policy rate by a quarter percentage point to 3.75 per cent.

Bank of Thailand Assistant Governor Duangmanee Vongpradhip said after the MPC meeting that despite the recent declines, oil prices remain volatile and pose risks to prices. She noted that the six government measures to ease oil price impacts would also be in place for just six months.

She also noted that the central bank would monitor the political unrest to see if the incidents would pose long-term threats to confidence.

She said that the unrest has been continued for some time, as without bloodshed, it would not affect the confidence in the long term.

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MPC ups policy rate by 25bps

The Monetary Policy Committee on Wednesday resolved to raise the policy rate by a quarter percentage point to 3.75 per cent.

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