BANGKOK: Thailand’s inflation unexpectedly eases for a third straight month, bolstering the central bank’s view that it can keep interest rates on hold to support the economy.
The consumer price index rose 1.95% in July from a year earlier, slowing from 2.42% in June, Commerce Ministry data showed yesterday.
The reading was below the median estimate in a Bloomberg survey of economists, who had expected inflation to accelerate.
Bank of Thailand Governor Vitai Ratanakorn and his policymakers left the benchmark interest rate unchanged in June, expecting inflation to ease as supply pressures subside.
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