Thailand holds rates despite rising inflation

The Bank of Thailand's rate-setting board voted on Tuesday to keep its benchmark one-day repurchase rate at 3.25% in spite of signs that inflation is beginning to accelerate.

"The risks to inflation have increased since the previous meeting," said Duangmanee Vongpradhip, the assistant governor of the monetary policy group at the Bank of Thailand. "However, core inflation was expected to remain within the target range for the next eight quarters."

Inflation rose in line with rising oil and com