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	&ldquo;The wage increase could lead to rises in expenses and goods prices, as a wageprice spiral effect. Looking forward, crudeoil prices, which could continue rising, and domestic demand could be issues,&rdquo; said Paiboon Kittisrikangwan, assistant governor for the Bank of Thailand and secretary of the MPC.&nbsp;</div>
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	The Nation</div>

Policy rate kept steady at 3.00%

Over 1,000 Thai protesters accuse World Bank and IMF of favouring the rich on October 15

Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia.

Policy rate kept steady at 3.00%

The Monetary Policy Committee Wednesday held the policy rate steady at 3.00 per cent as inflation was still under control, but noted that the minimumwage increase and rising oil prices could intensify upward pressure on prices.

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