10 Mar '11, 6am

UPDATE 1-Thai consumer confidence hurt by high oil prices

* Confidence falls for first time in three months * High cost of living, worries about politics also factors * Economists still expect an interest rate rise next month (Adds details, economist's comment) BANGKOK , March 10 (Reuters) - Thai consumer confidence fell for the first time in three months in February, hit by rising oil prices, the high cost of living and political worries ahead of mid-year elections, a university survey showed on Thursday. The University of the Thai Chamber of Commerce's confidence index dropped to 72.2 in February from 72.6 in January, which was the highest since September, and it said this weaker trend could continue for a while [ID:nTST000236]. With crude oil prices near a 2-1/2-year high, fuelling inflationary pressure, the Bank of Thailand raised its benchmark interest rate to its highest in over two years on Wednesday. Economists expect it ...

Full article: http://sg.news.yahoo.com/1-thai-consumer-confidence-hurt-...

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