Exclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut

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Exclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut - Channel News Asia

Quick Summary:

BANGKOK : Thailand's central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months.

The BOT has said the current target range is functioning well, although headline inflation averaged just 0.11 per cent in January-July.

Thailand's economic growth picked up to 2.3 per cent in the April-June quarter from a year earlier, but analysts said fiscal policy uncertainty clouded the outlook.The BOT has predicted 2.6 per cent growth for 2024, after last year's 1.9 per cent.