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Article: MPC leaves interest rates unchanged: Future hikes likely to boost savings.
- Article from:
- Bangkok Post (Bangkok, Thailand)
- Article date:
- January 18, 2005
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Byline: Parista Yuthamanop
Jan. 18--The Monetary Policy Committee yesterday left short-term interest rates unchanged, pending a clearer economic growth outlook, but signalled that future rate hikes were likely to help boost domestic savings.
The decision leaves the 14-day repurchase rate at 2 percent.
Atchana Waiquamdee, an assistant governor for the Bank of Thailand's Monetary Policy Group, said inflationary pressures eased last month due to declines in oil prices, giving authorities leeway to maintain interest rates at current levels.
She said the Dec 26 tsunami would have a short-term impact on the economy, but said the key risk ...