Wednesday, February 20, 2013

DailyMarkets.com - Thailand Holds Rate, Warns Of Risks To Financial Stability

DailyMarkets.com - Thailand Holds Rate, Warns Of Risks To Financial Stability

Thailand Holds Rate, Warns Of Risks To Financial Stability

Posted: 20 Feb 2013 03:15 AM PST

    Thailand’s central bank kept its policy rate steady at 2.75 percent, as expected, saying the country’s economy is expected to grow faster than previously expected and inflation is within the bank’s target range, but warned there are risks to “domestic financial stability, including from rising asset prices.”
    The Bank of Thailand (BOT), which cut rates by 50 basis points in 2012, said its monetary policy committee voted by 6 to 1 to keep the rate steady with one … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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