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flag Thailand's Finance Ministry proposes increasing the inflation target to pressure the central bank for a policy rate cut.

flag Thailand's Finance Ministry is advocating for an increase in the country’s inflation target to 1.5%-3.5% for next year, aiming to pressure the central bank into cutting its policy interest rate. flag This follows a rise in the annual inflation rate to 0.61% in September, driven by higher diesel and vegetable prices, though still below the central bank's 1-3% target. flag The central bank may consider a conservative 25 basis point reduction in response.

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