Policymakers at Bank of Thailand on Wednesday voted unanimously to hold the key interest rate steady at 3 percent, as widely expected. This followed a two consecutive rate cuts in November and January.
The Monetary Policy Committee (MPC) judged that the current level of the policy rate is appropriate in supporting economic recovery, while still consistent with keeping inflation within target.
According to official data, Thai inflation eased marginally to 3.35 percent in February from 3.38 percent in January. The core inflation rate was 2.72 percent, with in the bank's target of 0.5-3 percent.
The MPC noted that inflationary pressure had edged up and the risks from the global economy had decreased. The recovery in the Thai economy is gaining momentum, the MPC said in a statement.
The economy contracted 9 percent year-on-year in the fourth quarter as widespread floods during the period severely affected industrial production and investment. The government forecast the economy to grow 5.5-6.5 percent this year .
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.