Showing posts with label Thailand's central bank. Show all posts
Showing posts with label Thailand's central bank. Show all posts

Wednesday, October 19, 2011

Thai interest rates kept on hold despite floods

Thailand's central bank has left interest rates on hold at 3.5%, despite calls for them to be cut to help the economy recover from the worst floods the country has seen in decades.

Instead, the Bank of Thailand said government spending to aid the flood recovery could raise inflation.