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15.10.201001:15:00UTC+00Thai Central Bank Board Chief sees Less need for Further Rate Rise

News:

  • Bank OfThailand's board chairman said the need for a further interest rate increase had been reduced by the strength of the baht
  • He said bhat's strength had cut the cost of imports which reduce the need for a rate rise to contain inflation

Quotes:

  • "The exchange rate is strong, imports are cheap and oil prices are not higher. That reduces the need for a rate rise to contain inflation,"  - Chatu Mongol Sonakul

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