Bangkok Post
Bank of Thailand leaves interest rate unchanged
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The Bank of Thailand on Wednesday left its benchmark interest rate unchanged at 1.00% as widely expected, saying it would continue to monitor inflation trends and expectations.
Key facts
- The Bank of Thailand on Wednesday left its benchmark interest rate unchanged at 1.00% as widely expected, saying it would continue to monitor inflation trends and expectations.
- The MPC raised its forecast for Thai economic growth this year to 2.3%, from 2.0% earlier, but said the figure would slip to 1.8% in 2027
- The Consumer Price Index in May rose by 2.8% from a year earlier, down slightly from 2.9% in April, as impacts from high energy prices and the Middle East war persisted.
- The vote of the seven-member Monetary Policy Committee (MPC) was unanimous, said Don Nakornthap, the committee secretary.
- The central bank projects headline inflation to remain close to previous estimates, averaging 2.8% this year and 1.4% next year.
- Of those surveyed, 23 of 27 predicted the rate would remain unchanged throughout 2026, while three forecast at least one 25-basis-point hike by the year-end, and one expected a rate cut.
Summary
The vote of the seven-member Monetary Policy Committee (MPC) was unanimous, said Don Nakornthap, the committee secretary.
The Thai economy is projected to expand at a faster rate than previously estimated, but the growth rate is low and uneven, the MPC said in a statement .