Rise in Interest Rate to Fight the Inflation

Thailand raised interest rates, seeking to defuse price pressures before the global jump in oil costs reverberates through the region.

Keyword: Thailand, Bank of Thailand, Interest Rates, Vietnam, South Korea, Malaysia, Inflation

The Bank of Thailand increased the one-day bond repurchase rate by a quarter of a percentage point to 2.50 percent on 9 March 2011.

Source: Bloomberg

Full article: www.bloomberg.com