Thailand has decided to keep its inflation target at 1% to 3% for the upcoming year, despite government pressure for a higher target range.

The decision was made during a meeting between the Finance Minister and the Governor of the Bank of Thailand.

However, the central bank is required to take measures to encourage price growth towards the 2% mark and promote economic expansion in the country.

This demonstrates the ongoing challenge of balancing inflation control and economic growth in Southeast Asia's second-largest economy.