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Thai Inflation at Fresh 14-Year High Boosts Rate Hike Odds

  • Consumer prices rose 7.66% in June, up from May’s 7.1%
  • Bank of Thailand scheduled to meet Aug. 10 to review rates
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WATCH: Inflation in South Korea, Thailand and the Philippines accelerated last month. Michelle Jamrisko reports.Source: Bloomberg
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Thailand’s retail inflation accelerated in June to a new 14-year high, boosting the case for central bank to raise borrowing costs sooner than later.