May 22, 2008
BANGKOK - The Central Bank on Wednesday left its key interest rates unchanged at 3.25 percent, but said it would keep an eye on inflationary pressures from soaring oil and food prices.
The Monetary Policy Committee (MPC) has held rates steady since August last year.
"At the moment, the MPC decided to keep the policy interest rate at 3.25 percent," Duangmanee Vongpradip, the Bank of Thailand's assistant governor for monetary policy, said in a statement.
"However, should inflation continue to accelerate, the MPC would stand ready to adjust the monetary policy stance accordingly."
Thailand's inflation rate remains low compared to its Asian neighbours.
The Bank of Thailand will review its inflation target at its next meeting, according to AFP.
Headline inflation in Thailand for April was 6.2 percent, up from the 5.0 percent average for the first quarter.
