Thailand CPI Cools to 2.0% as BoT Holds Rates and Baht Stays Weak
Thailand's July CPI eased to 2.0% YoY, below forecasts, due to softer fuel prices. Core inflation remains manageable. BoT likely holds rates at 1%; THB strengthened but still underperforms Asian peers YTD, down 4.5%.
Thailand's July Consumer Price Index (CPI) moderated to 2.0% year-on-year, below expectations, as fuel prices declined. Core inflation, excluding volatile food and energy items, remained steady at 0.8%. The Bank of Thailand (BoT) is expected to maintain its policy rate of 1% through the end of the year, given the manageable inflation outlook and subdued demand, according to Assistant Governor Don Nakornthab.
The Thai baht (THB) appreciated slightly against the US dollar, reaching 33.00, its weakest level in seven weeks, but still ranks among Asia's worst-performing currencies in 2025, down 4.5% year-to-date.
Written by urgent.news from Thailand Business News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
