Tag: EIC

The MPC unanimously voted to cut the policy rate from 1.50% to 1.25%. SCB EIC forecasts one more policy rate cut in H1 2026

Thailand’s 2026 economy will grow just 1.5%, pressured by global slowdown, trade wars, and domestic weaknesses. Urgent structural reforms, cautious investment, and government support are vital for recovery amid political, financial, and competitive challenges.

In October 2025, Thai exports rose to USD 28.8 billion, marking a slower growth rate of 5.7% due to a decline in gold exports, despite robust performance in electronics and shipments to the US. Meanwhile, imports surged significantly, leading to ...

Thai exports in September 2025 jumped by 19% year-on-year to USD 30.97 billion, fueled by strong demand for electronics and gold. Imports increased by 17.2%, primarily from China and Taiwan, resulting in a trade surplus of USD 1.28 billion.

· The overall outlook for the Thai economy remains broadly unchanged from the June meeting. The MPC slightly revised down its GDP growth projections from 2.3%YoY and 1.7%YoY in the June meeting to 2.2%YoY and 1.6%YoY in 2025 and 2026, respectively.

On 29 September 2025, Thailand accelerated its Net Zero target from 2065 to 2050, urging industries to adopt low-carbon practices, boost green technologies, and comply with new emissions policies to stay globally competitive.

In August 2025, Thai exports grew 5.8% YoY, slowed by US tariffs, with strong electronics and gold exports. Imports surged 15.8%, causing a trade deficit and forecasted export contractions due to tariff risks.

Trump’s second term signals fiscal dominance, prioritizing government spending over central bank independence, risking U.S. dollar stability. This trend threatens global monetary norms, pressuring emerging markets and challenging Thailand’s fiscal sustainability.