Bonds down, baht at 30.69 per dollar
- Published: 16 Oct 2012 at 10.40
- Online news:
The government bonds fell on Tuesday, pushing the yield to a two-week high, after Bank of Thailand Governor Prasarn Trairatvorakul said there is no need to cut interest rates. The baht was steady.
Mr Prasarn said on Oct 13 that inflation remains benign and the economy will grow 5.7% this year as domestic demand counters a slowdown in exports.
Expansion was 0.1% in 2011 as the country was affected by the worst flooding in almost 70 years. The Bank of Thailand will keep its benchmark interest rate at 3% on Wednesday, according to 19 of 23 economists surveyed by Bloomberg, with four predicting a 25 basis point cut.
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