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Thanong says US-Thai rate gap is not a major concern.
Byline: Wichit Chantanusornsiri
Nov. 5--A gap between short-term Thai and US interest rates is not an issue for concern given Thailand's relatively strong economic fundamentals, according to Finance Minister Thanong Bidaya.
Despite economic shocks, including high oil prices and the bird flu, the overall economy continued to expand.
The Bank of Thailand's key 14-day repurchase rate currently stands at 3.75 percent following the Monetary Policy Committee's half-point increase on Oct 19. The US Fed Funds rate is 4 percent, following a quarter-point hike earlier this week.
Interest rates in Thailand have been higher than US rates, ...
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Source: HighBeam Research, Thanong says US-Thai rate gap is not a major concern.