Thailand

November 2005 | Risk Summary

The rhetoric which has accompanied recent interest rate decisions by the Bank of Thailand (BoT) has created a firm impression that the monetary authorities will continue to tighten policy until the inflationary impulse which has afflicted the economy begins to fade. In October 2005, the central bank voted to raise short-term rates for the eighth time since August 2004. The key parameter of monetary policy, the BoT's 14-day repurchase rate, now stands at 3.75%, its highest level since the bank's switch to an exclusive inflation bias in May 2000.

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