Thailand's central bank signals no rush to hike rates as inflation outlook improves

AI Summary

Thailand's central bank has indicated that there is no immediate need to raise interest rates as the outlook for inflation has improved. Governor Vitai Ratanakorn revised growth forecasts upward, suggesting a cautious but optimistic economic outlook for the country.

Last week, Governor Vitai Ratanakorn revised growth forecasts to 2.1% this year and 2.6% for next, from 1.5% and 2.0% at a previous policy ...