Thailand’s central bank is anticipated to keep its benchmark interest rate at 1%, maintaining its lowest level since 2022 as the country seeks to sustain a fragile economic rebound. Economists surveyed unanimously project that the Bank of Thailand’s Monetary Policy Committee will leave the one-day repurchase rate unchanged when it meets on June 24.
While several Asian economies—including Japan, Indonesia, and the Philippines—have taken steps to tighten monetary conditions this month in response to rising inflation and currency pressures, Thailand is expected to diverge from this trend. The nation’s comparatively stable baht and inflation rate contained within the central bank’s 1–3% target have supported the case for holding rates steady.
Bank of Thailand Governor Vitai Ratanakorn, speaking earlier this month, indicated that the current policy rate remains suitable for economic conditions. Market data compiled by Reuters and LSEG further suggest that the central bank will maintain the 1% interest rate through to 2027. However, policy surprises are not unprecedented: in February 2026, the Bank unexpectedly reduced the rate by 25 basis points, moving against economist forecasts at the time.
Regional policymakers are closely watching inflation trends, especially after Indonesia’s central bank made two unexpected rate hikes in June, lifting its key rate first to 5.5% and then to 5.75%, with the aim of supporting its currency and mitigating inflation threats.
