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Thailand: monetary policy decisions

This dossier follows Bank of Thailand decisions and its growth and inflation projections, distinguishing adopted interest rates from economic forecasts.

Last updated : 1 key moments
Bang Khunphrom Palace in Bangkok. Archive illustration uploaded in 2008; it does not show the committee meeting.
Bang Khunphrom Palace in Bangkok. Archive illustration uploaded in 2008; it does not show the committee meeting. — ScorpianPK / Wikimedia Commons — CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ ; archive téléversée en 2008, sans modification.

Where things stand

The Bank of Thailand held its policy rate at 1% on 28 October 2026. Members attending the committee meeting voted unanimously, with one member absent.

Confirmed

Bank of Thailand keeps its policy rate at 1%

The Bank of Thailand held its policy rate at 1% on 28 October 2026. Members attending the committee meeting voted unanimously, with one member absent.

Bang Khunphrom Palace in Bangkok. Archive illustration uploaded in 2008; it does not show the committee meeting.
Bang Khunphrom Palace in Bangkok. Archive illustration uploaded in 2008; it does not show the committee meeting. — ScorpianPK / Wikimedia Commons — CC BY-SA 3.0 https://creativecommons.org/licenses/by-sa/3.0/ ; archive téléversée en 2008, sans modification.

The central bank considers this level supportive of an uneven recovery. It forecasts growth of 2.4% in 2026 and 2.1% in 2027; these figures are projections.

Technology-related exports and investment support activity, but the bank highlights weak domestic demand and household indebtedness. Lending to small and medium-sized businesses continues to contract.

Average inflation is projected at 2.1% this year and 1.3% in 2027. The institution is monitoring risks from oil prices and El Niño.

Sources 2