09 Mar '11, 10am

Thailand lifts interest rate to tackle inflation: BANGKOK - Thailand raised its benchmark interest rate on Wedne...

BANGKOK - Thailand raised its benchmark interest rate on Wednesday for the fifth time in the past eight months in an attempt to curb inflation in the face of higher commodity prices. The central Bank of Thailand increased the official cost of borrowing to 2.5 percent, up from 2.25 percent previously. It has ratcheted up its key rate by a total of 125 basis points since July 2010. "The surge in oil and commodity prices has resulted in increased inflationary pressure," assistant governor Paiboon Kittisrikangwan said. The bank lifted its inflation forecast for 2011 by 0.5 percentage points to 3.0-5.0 percent. But "unless political unrest in the Middle East becomes widespread and affects global oil supply, the current spike in oil and commodity prices will not significantly impact the continuity of global recovery," Paiboon said. Rising consumers prices have become a top conce...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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channelnewsasia.com 07 Mar '11, 5am

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channelnewsasia.com 26 Feb '11, 2pm

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channelnewsasia.com 16 Mar '11, 3pm

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channelnewsasia.com 11 Mar '11, 3am

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Eurozone inflation jumps to 2.4%

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channelnewsasia.com 16 Mar '11, 12pm

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AsiaOne_Health More control measures needed for fish spas: Thailand:

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asiaone.com 10 Mar '11, 4am

Following the move by several countries to ban fish spas due to concerns about hygiene, the Public Health Ministry yesterd...

Singapore inflation to hit 4% in 2011: MAS survey

Singapore inflation to hit 4% in 2011: MAS survey

straitstimes.com 09 Mar '11, 5am

Singapore's inflation rate could hit 4 per cent this year, according to MAS's quarterly survey of economic forecasters. --...