Thailand Central Bank Chief Says No Urgency to Raise Rates, Inflation Seen Slowing to Around 2% This Year

Deep News10-08

The governor of Thailand's central bank said on Thursday that there is no need to rush into raising interest rates, and that monetary policy cannot resolve the structural problems constraining economic growth.

The Bank of Thailand kept its benchmark interest rate unchanged at 1.00% in August, with its next monetary policy review meeting scheduled for October 28.

Bank of Thailand Governor Vitai Ratanakorn said on Thursday while attending a business forum that the Thai economy is expected to grow by about 2.3% this year.

He added that exports are expected to grow by 17% to 18% this year, higher than the previously forecast 14%.

Vitai said inflation in 2026 may slow to around 2%, lower than the 2.8% projected in June.

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