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(From Thai Press Reports)
Section: Business News - The Bank of Thailand's Monetary Policy Committee is likely to cut the policy interest rate by 25 basic points at its meeting Wednesday (February 28) since inflationary pressure has eased, according to TMB Bank Plc's Research Division.
The research unit assessment is that the general inflation rate in January dropped to 3 per cent from 3.5 per cent in the previous month, while Thailand's core inflation rate edged up slightly to 1.6 per cent from 1.5 per cent.
TMB projected inflation rates during the first quarter of this year would continue to decline as a result of the global oil price drop.