Thailand

Mildly restrictive

Policy rate

1.00%

Last move Feb 2026

Inflation

-0.13%

As of null

Real policy rate

1.13%

Policy rate less inflation

Debt to GDP

66.80%

2026 est.

Inflation target2%

Policy rate vs target-1 pp

Last move-25 bps cut

Months at current rate7

Real GDP growth1.50%

Next scheduled decisionNot published

Policy rate path, latest five years. Cycle peak 5.00% (Jun 2006).

The verdict

Thailand sets its policy rate at 1.00%, against inflation of -0.13% — a real rate of 1.13% after inflation. The most recent decision was a 25bp cut in Feb 2026. The rate has held there for about 7 months. The bank targets 2% inflation, and prices are running below that at -0.13%; the policy rate stands 1.00 percentage points below target. On the fiscal side, the economy carries government debt of 66.8% of GDP (2026 est.) and real GDP growth of 1.5%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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