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

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. 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. The central bank may consider a conservative 25 basis point reduction in response.

October 06, 2024
10 Articles