Steve Hanke(@steve_hanke):Thailand's inflation jumped to 3.9%/yr in October. That's the highest rate since Jan. 2023. Just a month earlier, Bank of Thailand Gov. Vitai Ratanakorn said he was in "no rush" to raise rates. I AGREE. The money supply is growing at 5%/yr, within Hanke's Golden Growth Rate of 5.44-7.44%, a rate consistent with Thailand's 1-3% target range.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.11.11 06:30

Thailand's inflation jumped to 3.9%/yr in October. That's the highest rate since Jan. 2023. Just a month earlier, Bank of Thailand Gov. Vitai Ratanakorn said he was in "no rush" to raise rates. I AGREE. The money supply is growing at 5%/yr, within Hanke's Golden Growth Rate of 5.44-7.44%, a rate consistent with Thailand's 1-3% target range.