Thailand to keep rates steady

The Bank of Thailand will probably keep its benchmark interest rate on hold for the rest of the year after borrowing costs quadrupled since August 2004, the central bank governor told Bloomberg in an interview on Monday 7 August.

``Enough is enough,'' said Bank of Thailand Governor Pridiyathorn Devakula in an Aug. 7 interview with Bloomberg in Bangkok. ``We see no need to push further with interest rates. That should be enough for this year, if there's not another round of oil increases.''

Oil

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