Central bank increases key interest rate to 1.00 percent effective Wednesday

14 Sept 02:09 Key points summarised by AI

The Bank of Thailand’s Monetary Policy Committee (MPC) unanimously voted to increase the key interest rate by 0.25%, raising it to 1.00% with immediate effect.
The rate hike addresses persistent high inflation, primarily due to increased production costs, even as the Thai economy experiences a steady recovery driven by tourism and private consumption.
Thailand's economic growth is projected at 3.3% this year and 3.8% next, with inflation expected to moderate to 2.6% in the coming year.
The central bank indicated potential for further interest rate adjustments based on future changes in the economic outlook and inflation rates.

Examining Thailand’s four-part education revolution

Today 14:22 Key points summarised by AI

Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.