Thailand’s GDP grew 3.0% YoY in Q3, up from 2.2% in Q2, but analysts believe it may not ease pressure on the central bank to cut rates. A slowdown in household spending is a major factor, although stronger growth is expected in Q4 2024 and Q1 2025 due to government stimulus. The bank is expected to hold rates at 2.25% at its next meeting on December 18.