{"id":22304,"date":"2011-07-13T05:44:00","date_gmt":"2011-07-13T09:44:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=664fb8d6cb337e06d871cda2f013def7"},"modified":"2011-07-13T05:44:00","modified_gmt":"2011-07-13T09:44:00","slug":"bank-of-thailand-lifts-interest-rate-another-25bps-to-3-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/13\/bank-of-thailand-lifts-interest-rate-another-25bps-to-3-25\/","title":{"rendered":"Bank of Thailand Lifts Interest Rate Another 25bps to 3.25%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif;\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px;\">The&nbsp;<\/span><\/span><span class=\"Apple-style-span\" style=\"-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.bot.or.th\/\" style=\"color: #3778cd; text-decoration: none;\" >Bank of Thailand<\/a>&nbsp;increased&nbsp;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">its benchmark 1-day bond repurchase rate by 25 basis points to 3.25% from 3.00%. &nbsp;Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: &#8220;In light of the continued risks to inflation amid robust domestic demand, the MPC deemed it necessary to continue increasing the policy rate to maintain economic stability and anchor inflation expectations.&#8221; &nbsp;The Bank also said: &#8220;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">Inflationary pressure remained high due to elevated energy prices and continued upward adjustments in the prices of prepared foods.&#8221;<\/span><br \/><a name='more'><\/a><\/p>\n<div style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px;\">The Bank of Thailand last increased the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/bank-of-thailand-raises-interest-rate.html\">interest rate<\/a>&nbsp;in June this year by 25 basis points to 3.00%, continuing a string of monetary policy tightening measures. &nbsp;Thailand reported core inflation of 2.6% in June, up slightly from 2.48% in May, and 2.07% in April, according to the Commerce Ministry. &nbsp;Headline inflation was 4.1% in June, compared to 4.19% in May, and 4.04% in April. &nbsp;The Bank of Thailand has an inflation target range of 0.5% to 3.0%.<\/span><\/p>\n<div>\n<div><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-484003507534540850?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Thailand&nbsp;increased&nbsp;its benchmark 1-day bond repurchase rate by 25 basis points to 3.25% from 3.00%. &nbsp;Bank of Thailand Assistant Governor, Mr. Paiboon Kittisrikangwan, said: &#8220;In light of the continued risks to inflation a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22304","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22304"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}