MPC Warns of Low and Uneven Thai Economic Growth

Thansettakij•Economy•12d ago

Reader Briefing

The Monetary Policy Committee maintained the policy interest rate at 1% while warning that AI-driven growth is concentrated and temporary.

•The Monetary Policy Committee (MPC) held a meeting on August 21 and 26, 2026.
•The MPC unanimously voted to maintain the policy interest rate at 1%.
•Thai exports and private investment are being driven by the technology cycle and AI.
•The MPC warns that AI-related benefits may only last for 1-2 years.

•The Monetary Policy Committee held meeting No. 4/2026 on August 21 and 26, 2026, with the Bank of Thailand publishing the report on September 9, 2026.
•The Monetary Policy Committee unanimously voted to maintain the policy interest rate at 1%.
•The Monetary Policy Committee assesses that the Thai economy is expanding close to estimates, supported by the technology cycle and AI.
•The Monetary Policy Committee views the overall Thai economy as being in a state of "low and uneven growth" because high export growth is concentrated in AI-related goods.
•The Monetary Policy Committee notes that Data Center investments create lower employment and added value than past investments due to low labor use and high import reliance.
•The Monetary Policy Committee observes that SMEs continue to face adjustment problems and intense competition.
•The Monetary Policy Committee predicts the technology cycle and AI will support exports and investment for the next 1-2 years, but benefits may remain limited depending on business adaptation.
•The Monetary Policy Committee identifies the current technology cycle as being in the AI infrastructure build-out phase.

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Monetary Policy Committee

"low and uneven growth"

ขยายตัวต่ำและไม่ทั่วถึง

Monetary Policy Committee(กนง.)

The committee that assesses the Thai economy and votes on the policy interest rate.

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The institution that published the Monetary Policy Committee meeting report on September 9, 2026.