The afternoon of July 14, 2010 Monetary Policy Committee of the Bank of Thailand
(MPC) raised interest rates agreed repurchase transactions a day (policy rate) 0.25 percent.Reaching 1.50 percent. The expectations of analysts by a majority of the. To identify. Of clarity.Thailand's economic recovery and the ability to grow continuously in the period ahead to make. Need to rely on a relaxed monetary policy especially reduced the Thai Farmers Research Center.Issues surrounding the collection and the impact of monetary policy dark control of the bot. InThe next phase are: -.
Monetary Policy Statement after the meeting only weight to .
MPC. Stating that "pressures on inflation even in We have not expected much, but next year will likely increase as economic growth, while at View of developments and trends in the economy of a Thai. Is more positive by a Nong. Indicate that "Thai economy in the second quarter was affected by politics in the tourism sector is limited. Signal whether the faster recovery of consumption and production is affected little, and likely will Continue to grow during the rest of the year, while exports and private investment growth continued. By all making the year to economic growth better than the original estimate. "
The Thai Farmers Research Center. The view that compliance with that impact politics.Thai economy in the band limit is expected. Confidence of the private sector can recover.
The return to faster acceleration, push measures healing impact of the government and the city.Growth of exports will be the rate of contraction of the Thai economy during the quarter. The 2 / 2553 will be in the frame from 3.3 to 3.7 percent. Compared with the previous quarter while losses would reduce the political level, down from 1.4 to 2.8 percent of GDP which Less than forecast in the view frame from 1.4 to 3.7 percent of GDP.
However, MPC. Continue to identify repeat that The increase in interest rate policy was part of Adjustment process of financial standing policy level "very relaxed" to return to."Normal" more.
Thai Farmers Research Center think Guidelines for the operation of a policy. Such as.
Approach consistent with the actions of other central banks in Asia to be.
Cope with inflation pressures are accelerating even higher risk of slowing way
Economy in many regions of the world such as G-3 group and China will gradually signal.Clear whether the greater. The circumstances are such that the expected cycle regulation. The interest rate policy of the BOT. In this round will be a gradual process to which it.This means that there may be no increased rate policies much if the size force.
The inflation pressure does not accelerate beyond expectations.
The clearing summary of the Monetary Policy Committee Bank of Thailand (MPC) has increased the resolution rate.Interest repurchase transactions a day (policy rate) for the first time in nearly two years of. Monetary policy meeting on July 14, 2010, which raised the policy rate that is as Expectations of most analysts and financial markets, they began to adapt to the effects of expectations. Meetings during this pre-date the recent past by the section of the baht has appreciated to test Level of 32.30 per dollar's while. Government bond yield is improved in all ages as well.
If the direction of monetary policy dark control of the bot. has continued during the rest of the meeting.Of the year, while economic and financial environment, both domestic and overseas in accordance with that
Estimated expected. Control signal intensity of the BOT monetary policy. And other central banks. Asia will be the key factors that drive the trend in the direction the baht appreciation, while the structure Line Thai government bond yield may be flat due to return. Short-term bonds increased in size more than bond returns in the long run.
For image evaluation in the next phase Thai Farmers Research Center views that while the bot. Has begun phase Cycle of interest rate policy and raised in this round of meetings, but liquidity in the money market.
Continues up to about 1. Million million (calculated from the sum of outstanding loans in bilateral transactions. Loan transactions between banks and deposit transactions at the bot.) May result in policy transmission mechanism. BOT financing. To the real sector (through tools such as liquidity management. Purchase transaction.
Bonds returned bilateral (Bilateral. Repo) of the BOT bonds. And currency swap transactions Foreign), however, takes time. The upside risk of inflation. In the next phase will be made. Signal intensity to control monetary policy of the BOT. Has continued during the remainder of this year. (The network is expected to Thai Farmers Bank. Policy rate may rise, reaching 2.00 percent by the end of 2010 this year).
So continue to watch inflation pressures, especially the basic inflation trend will move up, reaching approximately 2.0 percent in the last quarter of the year and may continue to accelerate the high 3.0 percent. In the first half.
The year 2011 also may be considered together with other factors such as competitive conditions between banks.Commercial and credit growth and deposit mobilization. Which is also associated with the smooth. Thai economic outlook in the next term after the political violence in the country recently through Away
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