Sign up | Log in



Home  >> Daily News  >>  Thailand News  >>  Economy  >>  Thai Central Bank to revise up economic growth rate for Y 2010

NEWS UPDATES 10 June 2010

Thai Central Bank to revise up economic growth rate for Y 2010

Related Stories

June 8, 2010
Thailand undergoes yet another cabinet reshuffle

June 3-4, 2010
Thai leader goes abroad to salvage country's image

May 29, 2010
Thai PM says polls in November unlikely

May 22-24, 2010
Thailand: Growth seen at 4.5% amidst political risks

The Bank of Thailand's (BOT) Monetary Policy Committee (MPC) may revise up its gross domestic product (GDP) growth projection for Y 2010 during a meeting on June 14, committee member Praipol Khumsap said Tuesday.

It is possible the GDP rate could be lifted from the current 4. 3-5.8% to as much as 6% if there is no more political turmoil and the problems of public debt in Europe and Hungary have no impact on the global economy, the Bangkok Post's website quoted Praipol as saying.

Even if the GDP growth rate contracted in the second quarter ( April-June) due to the recent political unrest, it would substantially expand during quarter 3-4, he said.

Therefore, it is possible the Thai economy would grow by six percent for the whole Y 2010.

Also, the MPC's benchmark repurchase rate (RP) is likely to be raised during the MPC meeting if there is no additional risk factor, he said.

"If the economic situation in Europe improves and domestic political crisis is over, the MPC could consider raising the policy rate and adjusting its GDP growth projection," Paibul Kittisrikangwan, BOT assistant governor for monetary policy echoed Praipol's remark.

The MPC's benchmark repurchase rate (RP) currently stands at 1. 25%.

---Paul A. Ebeling, Jnr.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand