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DBS revises down Thai forecast

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Singapore's DBS Bank has downgraded Thailand's GDP growth forecasts to 1.6% and 3.8% year-on-year for 2014 and 2015. 

"We reiterate our view that while monetary policy is likely to stay accommodative, we do not see further rate reductions," it said.

"Looking for further downside to government bond yields does not appear attractive from a risk/reward perspective. With a still-sizable foreign holding profile, bond outflows pose a significant upside risk to yields."

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