Federal Reserve (FED) · Reuters · Thai Examiner
Bank of Thailand leaves interest rates unchanged, raises growth projection with the baht set to go lower
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Thailand’s economy won a growth upgrade to 2.3% on Wednesday, but the Bank of Thailand kept rates at 1.00% as the baht slid to ฿33.40. With Fed rate hikes looming, oil risks rising, and inflation lingering, analysts warn the currency could weaken fur
Key facts
- Thailand’s economy won a growth upgrade to 2.3% on Wednesday, but the Bank of Thailand kept rates at 1.00% as the baht slid to ฿33.40
- Thailand’s economy received a lift on Wednesday as the Bank of Thailand raised its 2026 growth forecast to 2.3%, powered by stronger exports and booming AI-linked investment
- Thailand’s economic outlook improved on Wednesday as the Bank of Thailand raised its growth forecast for 2026 to 2.3%
- However, the MPC expects growth to slow again to 1.8% in 2027.
- Even so, policymakers left the benchmark interest rate unchanged at 1.00%, citing inflation risks, weak domestic demand and growing uncertainty abroad.
- Previously, the central bank expected growth of 2.0% this year
Summary
Thailand’s economy received a lift on Wednesday as the Bank of Thailand raised its 2026 growth forecast to 2.3%, powered by stronger exports and booming AI-linked investment. However, rates were left at 1.00% as the baht slid to ฿33.40, inflation risks lingered and policymakers warned that US interest rates, Middle East tensions and volatile energy prices continue to threaten the kingdom’s outlook, setting the stage for further weakness in the Thai currency.
Thailand’s economic outlook improved on Wednesday as the Bank of Thailand raised its growth forecast for 2026 to 2.3%. Even so, policymakers left the benchmark interest rate unchanged at 1.00%, citing inflation risks, weak domestic demand and growing uncertainty abroad.