A member of the Thailand's central bank monetary policy board said, that the bank today made a decision on its main interest rate in line with 'market expectation’. ‘There is no surprise. The decision was made in line the with the market expectation,' told Chakramon Phasukavanich. He is the industry ministry's permanent secretary and one of seven members on the central bank's monetary policy board. Phasukavanich told his speech to the reporters after the meeting in Bangkok, took place today. The central bank's rate decision ‘is based on the reason that real interest rates remains negative,’ Chakramon declaimed. The whole 9 economists in a Bloomberg News survey expect the central bank to increase its 14-day bond repurchase rate by a quarter-point to 4.5%. The central bank will brief reporters on its resolution at 2 p.m. local time.

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