Thai Rate Panel Holds Steady Amid Inflation Concerns
Eight months after Thailand's central bank began its rate hike policy, the monetary policy committee decided to maintain the benchmark rate at 2.25%. This decision comes amid rising inflation, which remains stable due to a slight decrease in prices of essential goods in the third quarter of this year.
Recent data indicates that core inflation in the country reached 2.8% in August, slightly down from the previous month, highlighting the bank's confidence in the stability of inflationary processes. However, many economists expect the central bank to keep the current rate steady over the next quarter, before considering a potential increase.
Additionally, the Thai government is looking to reset its economic policies, including changes to the tax system, which could also impact inflation metrics. In light of these changes, the central bank remains vigilant about economic trends and will monitor market developments closely.
