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Bank of Thailand's Interest Rate Stance
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Overview
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Bank of Thailand is poised to maintain its interest rate at 2.5% amidst slower inflation and economic growth. The government aims to bolster GDP expansion to 5% with a $14 billion cash handout program. The central bank is likely to revise its GDP growth and inflation forecasts for the next two years. Market watchers are closely monitoring the central bank's language for future monetary policy decisions.
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How might the Bank of Thailand's decision impact the stability of the baht and other currencies in the region?
How might the government's cash handout program affect the overall economic growth and inflation in Thailand?
What factors could influence the central bank's future monetary policy decisions, especially in light of the baht's increased volatility?
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