Thai monetary policy supports economic recovery: central bank
PUBLISHED : 8 Jul 2026 at 10:06
Thailand’s accommodative monetary policy stance and targeted financial measures are supporting an economic recovery, the minutes of the Bank of Thailand’s (BoT) meeting on June 24 showed on Wednesday.
At the meeting, the central bank’s Monetary Policy Committee (MPC) unanimously voted to maintain the one-day repurchase rate at 1.00% for a second straight time and upgraded its 2026 economic growth forecast to 2.3%.
“Looking ahead, the committee assessed that the current policy rate was conducive to supporting economic recovery while inflation accelerated due to supply-side factors,” the minutes said, adding that risks on both growth and inflation required careful monitoring.
The headline inflation rate slowed to 2.42% in June, inside the central bank’s target range of 1% to 3%.
At the policy review, the central bank forecast headline inflation at 2.8% this year and 1.4% next year.
“Inflation for the remainder of 2026 is expected to exceed the target range driven by the pass-through of energy and production costs,” the minutes showed.
In the days after the June meeting, BoT Governor Vitai Ratanakorn said there was no need to raise interest rates for now.
The next monetary policy review is on Aug 26. Southeast Asia’s second-largest economy, which has lagged regional peers since the coronavirus 2019 (Covid-19) pandemic, grew by 2.4% last year.
Source – Bangkok News
