Monday, December 6, 2010

Interest rate on the move...

Thailand's central bank surprised financial markets on Wednesday (1st December 2010) by raising its benchmark interest rate by 25 basis points to 2% and said there would be further tightening to curb inflation, pushing up the baht.

Respond from BNM: Current OPR (and normalisation policy) stays.

If OPR up against early next year and BLR move up accordingly.... you can expect more properties available for auction in 6 months later...