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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brazil's Lula stands by finance minister but rejects spending cuts targeting the poorBrazil's Lula stands by finance minister but rejects spending cuts targeting the poor
Source: Investingcom - 🏆 450. / 53 Read more »

Israel's finance minister calls for 'marathon' 2025 state budget talks next weekIsrael's finance minister calls for 'marathon' 2025 state budget talks next week
Source: Investingcom - 🏆 450. / 53 Read more »

Indonesia sees 2024 budget deficit at 2.7% of GDP, finance minister saysIndonesia sees 2024 budget deficit at 2.7% of GDP, finance minister says
Source: Investingcom - 🏆 450. / 53 Read more »

Pakistan finance minister confident about new IMF programmePakistan finance minister confident about new IMF programme
Source: Investingcom - 🏆 450. / 53 Read more »

The Fair Park finance mess must be cleared upFair Park First must elevate transparency above other concerns or risk wrecking the trust that it worked so hard to build in Dallas.
Source: dallasnews - 🏆 18. / 71 Read more »