ABUJA, July 15 (Reuters) - Nigeria's most prominent militant group said it would observe a 60-day ceasefire from Wednesday after the release of Air Jordan 1 rebel leader Henry Okah. The Movement for the Emancipation of the Niger Delta (MEND) said it was also halting its attacks, which have crippled Africa's biggest oil and gas industry, to allow for government peace talks. The military last month said it would also observe a two-month ceasefire. "Hopefully, the Air Jordan 2ceasefire period will create an enabling environment for progressive dialogue," MEND said in a statement. Okah, arrested in September 2007 on gun-running and treason charges, was released from detention in the central city of Jos on Monday after being the first senior militant to accept President Umaru Yar'Adua's amnesty offer. Okah's freedom has been one ofAir Jordan 3 MEND's key demands since launching its campaign of violence against the oil sector in early 2006. The senior militant, who many believe is the brains behind MEND, told Reuters on Tuesday violence in the Niger Delta would likely continue until the government began talks with rebels [ID:nLE694320]. MEND, a loose faction of militant groups, said on Monday it wanted talks with the government but also threatened to intensify attacks. Rebels on Air Jordan 4 Monday sabotaged a Lagos oil dock, killing five in the first attack outside the Niger Delta since starting its latest campaign of violence. The MEND's offensive was in response to the military's largest military offensive in the region in years last May. MEND demanded that the military withdraw from Air Jordan 5certain areas in the Niger Delta, the heartland of the OPEC member's oil sector, before talks could begin.

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The Bank of Thailand (BOT) is expected to leave interest rates unchanged again on Wednesday, remaining Nike AIR Force 1cautious about the timing of economic recovery. The BOT surprised markets by keeping the rate unchanged at 1.25 percent on May 20 after cutting it four times by a combined 2.50 percentage point since December to shore up the economy. Here are some possibilities on what the central bank might say in its statement after its policy meeting on July 15. CENTRAL BANK WILL SAY READY TO CUT RATES AGAIN IF NEEDED This is likely. The Bank of Thailand is likely to say it is ready to cut interest rates further if the economy deteriorates, as Governor Tarisa Watanagase told Reuters on June 19. [ID:nnBKK464937] At its last meeting in May, it said the current policy rate was low enough to help the Michael Jackson Memorial economy and it stood ready to implement appropriate monetary policy to ensure expansion. That is expected to be its line this time, too. Last month Tarisa said the economy might have bottomed in the first quarter when it slipped into recession for the first time in a decade. But she said signs of recovery were not clear: exports were still falling sharply even though manufacturing output was steadying. Such comments are unlikely to have a big impact on financial markets, which assume the rate easing cycle is over and that the next move is a rate rise, probably next year. As rates are expected to stay low for now, bond yields have become more sensitive to supply as theair jordan shoes government plans to borrow massively to revive the economy. Long-dated yields fell last week because of smaller-than-expected supply for the third quarter. The baht reacts little to interest rate projections at the moment and has been remarkably steady in recent months. SIGNAL A RATE RISE SOON? It is very unlikely. At its last meeting, the central bank said it would continue to support the economic recovery and it is likely to repeat that. Governor Tarisa said in June inflation was not a worry. Analysts expect the central bank to keep its rate unchanged until the end of thisAir Max 180 TR+ year at least. They forecast a gradual increase in rates from mid-2010 as the bank reacts to expected higher inflation next year. [ID:nBKK518649]. Consumer prices in June fell a record 4.0 percent from a year earlier, but the trend is expected to turn around quickly after July due to oil price moves over the past year. The central bank has projected consumer price changes in a range of a fall of 1 percent to a rise of 1 percent this year.

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