Finance Minister Pichai Chunhavajira will discuss the inflation target with Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput, Prime Minister Srettha Thavisin said on Friday, adding additional stimulus measures would be announced next week.
The government has been at loggerheads with the central bank for months over interest rates, with the prime minister calling for a rate cut to boost the Thai economy.
The BoT held its key interest rate steady at 2.50% at a review earlier this month. The next rate review is on August 21.
In May, when Mr Pichai assumed office, he said he would review the inflation target of 1% to 3% with the central bank.
The central bank has previously said that interest rates and the inflation target were suitable.
The annual inflation rate in May was 1.54%.
The renewed talks come amid political uncertainty that has rattled markets, as courts hear several crucial cases, including one calling for the removal of the prime minister.