The policy rate was raised 25 basis points to 3.25 per cent on July 13.
Tisco supported its view by saying that inflation pressure remains high due to continued demand growth. It expected the core inflation (excluding volatile food and energy prices) to peak in the next few months.
However, Tisco said that the new government's policies would send limited impacts to the gross domestic product. The policies should also boost inflation largely next year, but not this year. As such, it is convinced that the rate hike in August would be the last this year.
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