Thai central bank in no rush to raise rates, governor says

Bangkok, October 8 - Thailand's central bank chief announced on Thursday that the bank is not rushing to raise interest rates, stating that monetary policy cannot address the structural issues limiting economic growth. The central bank maintained its key interest rate at 1.00 percent in August and has scheduled its next monetary policy review for October 28.

Governor Vitai Ratanakorn, speaking at a business forum, indicated that the economy is projected to grow approximately 2.3 percent this year, up from the previously anticipated 14 percent expansion. He also noted that exports are expected to surge between 17 percent and 18 percent this year. Vitai further suggested that inflation is anticipated to decelerate to around 2 percent in 2026, down from the previous June forecast of 2.8 percent.