Policy makers see economic growth improving but inflation risk persists
The Bank of Thailand on Wednesday left its benchmark interest rate unchanged at 1.00% as widely expected, saying it would continue to monitor inflation trends and expectations.The vote of the seven-member Monetary Policy Committee (MPC) was unanimous, said Don Nakornthap, the committee secretary.
The Thai economy is projected to expand at a faster rate than previously estimated, but the growth rate is low and uneven, the MPC said in a statement.
Inflation is expected to rise due to supply-side factors, but is projected to decline as those factors gradually ease, it said.
The Consumer Price Index in May rose by 2.8% from a year earlier, down slightly from 2.9% in April, as impacts from high energy prices and the Middle East war persisted.
