Thailand leaves rates on hold

The Bank of Thailand has kept rates at 3.25% for the sixth straight vote.

The central bank warned that headline inflation had accelerated in the first quarter and that higher costs for oil and commodities globally had begun to feed through to domestic prices. However, these pressures were expected to ease in the latter half of 2008 in tandem with the likely global slowdown.

Domestic demand remained buoyant, from both private consumption and private investment, and was supported by low borrowi

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