Bangkok Post
BoT upgrades GDP growth forecast
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The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.
Key facts
- The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.
- The moves comes as the central bank's Monetary Policy Committee (MPC) on Wednesday voted unanimously to maintain the policy rate at 1%, as the market expected.
- The committee slashed the GDP growth forecast for 2027 to 1.8% from 2% due to the base effect, said MPC secretary Don Nakornthab.
- Headline inflation in 2026 and 2027 remains in line with the previous assessment, averaging 2.8% and 1.4%, respectively.
- For the remainder of 2026, inflation could exceed the target range of 1-3% due to the pass-through of energy and production costs, before declining in 2027 given the dissipation of supply-side pressures and the effect of a high base in
- The Dubai crude oil price has dropped below the central bank's average of US$100 for the year, while businesses have identified new sources of raw materials and adjusted their transport routes,"
Summary
The moves comes as the central bank's Monetary Policy Committee (MPC) on Wednesday voted unanimously to maintain the policy rate at 1%, as the market expected.
The committee slashed the GDP growth forecast for 2027 to 1.8% from 2% due to the base effect, said MPC secretary Don Nakornthab.