Requirement for interest rate hikes expected to reduce.

By bne IntelliNews October 18, 2010
The need for the central bank of Thailand to raise its benchmark interest rate has been reduced by the strength of the baht, which had reduced the cost of imports. As reported by Reuters news, with the exchange rate likely to remain strong, imports are cheap and oil prices are not higher which reduces the need for a rate rise to containing inflation. The rate is expected to stay at 1.75% after the central bank increased it by 50 basis points.

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