IMF Says Thailand Should Unwind Stimulus With Recovery

IMF Says Thailand Should Unwind Stimulus With Recovery – Bloomberg, May 11, 2012
…The Bank of Thailand has kept its benchmark rate unchanged at its past two meetings, resisting pressure from the government to resume cuts in borrowing costs to help businesses recover from floods that swamped thousands of factories in the fourth quarter of last year. While inflation slowed in April to the lowest in more than two years, rising wage and oil costs are reviving price pressures…

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