Friday, August 3, 2007

Chalongphob Says More Room for Cutting Thailand's Benchmark Interest Rate

(Bloomberg) -- Thailand's central bank may be able
to cut borrowing costs further as inflation fell to a three-year
low, Finance Minister Chalongphob Sussangkarn said.

``Maybe, there there's more room for declines as inflation
is low,'' Chalongphob said in an interview today in Coolum,
Australia, where he is attending a meeting of finance ministers
from the 21-member Asia-Pacific Economic Cooperation forum. ``My
view is that rates are close to bottom.''


Read more at Bloomberg Emerging Markets News

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