Monetary Policy Committee secretary Titanun Mallikamas briefs the media: 'The policy rate hike will not impact GDP growth'. The Monetary Policy Committee (MPC) will prioritise data in determining the policy rate at each meeting, meaning the rate hike does not necessarily indicate subsequent rises, said MPC secretary Titanun Mallikamas. "They voted to raise the policy rate at this meeting to curb financial stability risks and to start building policy space. Earlier report: Policy rate hiked by 0.25%The policy rate was at a record low of 1.25% in 2009 after the US financial crisis in 2008. "We expect one 25-basis-point rate hike in 2019, which is likely to occur in the second quarter.

Source: Bangkok Post December 19, 2018 21:54 UTC