BOT holds policy rate at 3.25%

The Bank of Thailand on Wednesday kept the one-day repurchase rate unchanged at 3.25 per cent as widely expected by economists.

Suchada Kirakul, assistant governor of the central bank, said the domestic demand showed sign of improvement, while export growth still remain positive. The inflation rate is still low, although there is risk of pressure on goods prices hike. The oil prices have risen only slightly so far.

The central bank will announce its review on GDP forecast on October 19. The BOT earlier forecast economic growth for 2007 at 3.8-4.8 per cent. - The Nation

Anoma Srisukkasem

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BOT holds policy rate at 3.25%

The Bank of Thailand on Wednesday kept the one-day repurchase rate unchanged at 3.25 per cent as widely expected by economists.

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