News Column

Thailand's key rate to slash as political turmoil pressures

January 21, 2014

Thailand's central bank is likely to cut its one-day bond repurchase rate by a quarter of a percentage point to 2%. According to Kittiratt Na-Ranong, Finance Minister, the country's key interest rate would be slashed due to the political pressure to remove Prime Minister, while it is likely to affect economy adversely. The monetary policy is projected to support the country's economy more than fiscal.

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Source: IntelliNews - Weekly Reports

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