Thailand holds rates at 3.25%

The Bank of Thailand's monetary policy committee voted on Wednesday to keep rates at 3.25% in spite of rising inflation.

Headline inflation was expected to accelerate, reflecting the rise in global commodity prices. Core inflation would increase in line with the rise in domestic demand but the latest inflation report showed that it would stay within the central bank's 0-3.5% target range for the next two years. Prices would rise by 1-2% this year, said the report.

Domestic demand continued to