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‘US Fed likely to hike rate’

Jun 11. 2018
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By The Nation

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Kasikorn Research Centre on Monday forecast that the US Federal Reserve will increase the policy rate by 0.25 per cent, from 1.50-1.75 per cent to 1.75 and 2 per cent, at the next meeting on June 12-13.

The move is likely to be a response to the strong economic recovery and US inflation nearly reaching its target.

The interest rate rise would stabilise the country’s economic growth, the research said.

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