Accommodative Monetary Policy ​Stance Supports Thailand's Economic Recovery, Central Bank Panel Says

Members of the Bank of Thailand's Monetary Policy Committee believe the accommodative monetary policy ​stance and targeted financial measures are helping support the country's economic recovery, according to the minutes of the central bank's latest meeting on June 24 released on Wednesday. At the meeting, all seven members of the committee unanimously voted to maintain the one-day repurchase rate at 1.00% 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 of the meeting said. The panel noted that Thailand's economic growth "remains low and uneven," with a projected expansion of 2.3% and 1.8% in 2026 and 2027, respectively. Also, headline inflation was expected to remain in line with the previous assessment, averaging 2.8% in 2026 and 1.4% in 2027, and high rates were unlikely to persist for an extended period. Members also felt that the risks surrounding growth and inflation outlook require close monitoring, especially cost-price pass-through amid high cost pressures, medium-term inflation.