Bank of Thailand Holds Policy Rate at 1.00 Percent at Its August 2026 Meeting

The Bank of Thailand's Monetary Policy Committee met on 26 August 2026 and left the policy rate unchanged. The Bank of Thailand's own policy interest rate page records the committee's voting result as current "as of 26 August 2026" under MPC Decision 4/2026. Reporting on the meeting by Xinhua News Agency, dated 26 August 2026, states that the committee voted unanimously to hold the one-day repurchase rate at 1.00 percent, the third consecutive meeting at which the rate was left unchanged and the lowest level since September 2022.

According to that reporting, Don Nakornthab, secretary of the Monetary Policy Committee, said Thai economic growth continued to draw momentum from the global technology and artificial intelligence investment cycle, but that the expansion remained low and unevenly distributed across sectors. The committee's growth outlook was described as broadly in line with its previous assessment of 2.3 percent for 2026 and 1.8 percent for 2027, supported by faster-than-expected merchandise export and private investment expansion. Private consumption was reported to have grown more slowly than anticipated, with households remaining cautious amid elevated living costs.

On prices, headline inflation for 2026 and 2027 was projected to run below the committee's previous forecast, mainly because of softer global energy prices, with core inflation revised down slightly on weaker-than-expected cost pass-through. The committee expects headline inflation to rise through the first quarter of 2027 before easing. It also flagged that Middle East tensions have kept commodity and energy markets volatile and could push oil-linked prices higher again, and said monetary policy is being paired with fiscal and targeted financial-sector measures, including debt relief and liquidity programmes for small businesses.

For businesses and associations operating in Thailand, a steady policy rate at 1.00 percent alongside an unchanged 2026 growth projection points to a stable near-term borrowing-cost environment, while the committee's own language about low and uneven growth is a reminder that the strength in exports and technology investment is not spread evenly across sectors. This article reports the committee's published decision and is not financial or investment advice. The Bank of Thailand's policy interest rate page carries the authoritative record of each decision.