December 2004
Asia Monitor: South East Asia Monitor Volume 1;Dec2004, Vol. 15 Issue 12, p2
Country Report
Country Report
The article reports on sectarian violence and economic activity in Thailand. Violence has again erupted in South Thailand, putting Thai Prime Minister Thaksin Shinawatra, under more pressure. Thailand's central bank, the Bank of Thailand, raised interest rates for the second time in two months in October, and hinted of further increases as higher oil prices threatened to fuel inflation, which is already at a five-year high. The 25 basis point rise in rates brought the 14-day repurchase rate to 1.75%, and followed the 25 basis point rise in August, which was the first increase in interest rates in Thailand(South Thailand) for three years.


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