KBANK sees interest rates rising by 75 bps next year

Bank interest rates could increase by 0.75 percentage points throughout next year as central bank rates will rise as the economy improves, says Kasikornbank president Prasarn Trairatvorakul. The Bank of Thailand is expected to increase its benchmark one-day repurchase rate by 50 to 75 basis points (hundredths of a percentage point) over the year in response to mild inflationary pressure and a weak economic recovery.