with other market participants to develop the market in various ways such as introducing standard forms of repurchase agreement (repo), benchmark bond yield curve and formula to calculate debt instrument
adjustments to the Fed funds rate during the second half of 2004. In August 2004, to discourage capital outflows, the BOT raised the 14-day repurchase rate for the first time in 3 years by 25 bps to 1.5% and in