[LivinLOS]

Now this talks about 'savings rates' but its basic interest rates accross the board.. Major jumps in effect !!!

The suspicious cynic in me says that the timing of this with Wakky tacky on the ropes and the slim chances of unrest might be a covering move to firm up the baht exchange rates..

Also one of the big drives of the TRT has been to get poor communities effective and affordable loans.. Get them out of the loan sharks and 5 for 4 chinese money lender schemes. What heppens to thier loans when loan interest goes from 0.25% to 7.25% ?!?!? Thats a 2800% rise isnt it !!! imagine if your morgate payments just rose by 2100% overnight or your car payments ?? Seems to me this is bigger news than it sounds..

Even a armchair economist knows your base rates control the speed of money flow and currency values.. its a delicate balancing act between many factors that keep the economy stimulated, your currency within ranges, industry can afford to finance etc.. Jumps like this says to me that they are yanking on the controls ??