Thailand to Keep Rate Accommodative Through 2026, Piti Says

The Bank of Thailand (BOT) plans to maintain an accommodative monetary policy through 2026, according to Deputy Governor Piti Disyatat. This decision is driven by Thailand's weak economic performance and the potential for further global disruptions. Despite inflation concerns, the BOT aims to support the country's recovery from the COVID-19 pandemic. Piti emphasized that the central bank will continue to closely monitor economic conditions and inflation, and adjust its policies accordingly. The announcement comes as Thailand's economy has been slow to rebound, with the tourism sector still struggling to regain its pre-pandemic levels. Piti acknowledged the challenges posed by global uncertainties, such as the Russia-Ukraine war, and their potential impact on Thailand's economic recovery. The central bank's commitment to maintaining an accommodative policy through 2026 is intended to provide stability and promote growth in the Thai economy during this period of uncertainty.