Thai deputy Finance Minister says need to align policies to lift economic growth

BANGKOK - Thailand's current potential economic growth rate of 3% is not satisfactory and prolonged below-target inflation is dangerous for the economy, a deputy finance minister said on Monday.

Despite the pressure to ease policy, the BOT held its key interest rate steady at 2.50% for a fourth straight meeting last month, the highest level in over a decade, saying the level was consistent with the economy and inflation. The annual headline inflation rate has been below the central bank's target range for more than a year, except in May, which was driven by a temporary low base.

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