Thai Government, Central Bank to Keep Inflation Target for 2025

INFLATION - BANGKOK. Thailand's government has agreed with the central bank to maintain the current 1% to 3% inflation target for 2025, in return for assurances the bank will support its fiscal policy and help jumpstart growth, the finance minister said on Tuesday.

The central bank has insisted the present target, in place since 2020, has worked well for the economy, but the government wants higher prices to boost economic activity amid tepid growth that has lagged regional peers.