Goldman Sachs economists, commenting on Monday’s CPI release, said June headline
CPI rose unexpectedly less than forecast. They noted core CPI beat Goldman’s
estimate but said it is not a primary concern at this stage. A forward-looking
survey showed firms’ output-price expectations eased in June, implying limited
evidence of persistent underlying price pressure. Goldman Sachs continues to
expect the BOT will keep its policy rate at 1.00% through end-2026.