Bank of Thailand raises growth forecast amid weak inflation

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Thailand’s central bank says the economic growth outlook has improved further amid softened inflation
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Thailand’s central bank has said the country’s economic growth outlook is improving, while inflation has softened and might fall below the lower bound of the target in the period ahead.

In its latest meeting, the Bank of Thailand (BoT) monetary policy committee voted unanimously to keep the policy rate unchanged at 1.50%, as the bank wants to “remain accommodative, and would stand ready to utilise available policy tools to sustain economic growth”, according to a statement published on July 5.

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