Governor Vittai Ratanakorn told Bloomberg the policy rate (1%) is not committed to stay unchanged for long, despite market expectations of a long hold. Rate moves could go either way: inflation above forecast or a fast baht slide would push rates up, while a new mini-COVID style slump could bring cuts. The baht fell about 4% this year but has gained about 2% in August. For a small business, do not lock in plans on the assumption that loan costs will stay flat; check your floating-rate debt and keep some cash buffer for a possible rise.