BOT to maintain relaxing financial policy

BANGKOK, March 8 (TNA) - The Bank of Thailand (BOT) is maintaining its relaxing financial policy despite an anticipation that the US key interest rate would be further increased by the Federal Reserve (FED) soon. BOT Governor Veerathai Santiprabhob told journalists of the policy on Thursday, explaining that there has been no pressure on a high inflation in the country. Veerathai said apart from a low inflation, there are also clear signs that the Thai economy has been recovering well. The BOT governor noted, however, that there are remaining vulnerable factors against the expectedly-sustainable national economic growth. "The BOT, thus, needs to maintain the relaxing financial policy, taking national economic conditions into main consideration, rather than external factors, namely the rising trend of the US key interest rate", the governor pointed out. The US key interest rate now stands at 1.25 per cent annually with its rising trend foresaw later this year, while the Thai central bank has maintained its key interest rate at 1.50 per cent annually. (TNA)