Interest rates will have to be raised as the Thai economy continues to improve, says deputy-governor of the Bank of Thailand.
The central bank's Monetary Policy Committee on Wednesday maintained its one-day policy rate unchanged at 1.25% for the sixth straight session, citing the need to continue to support the economic recovery as investment remained muted.
But rising inflationary pressures would eventually force regulators to tighten policy rates. The government currently projects economic growth of 3.5% this year, up from an estimated contraction of 2.8% in 2009.
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