Bank of Thailand Implements New Measures to Boost Economic Recovery
The Bank of Thailand has reduced interest rates to 1% and introduced 18 targeted measures to address household debt and support SMEs.
On October 29, 2026, Bank of Thailand (BOT) Governor Withai Rattanakorn announced a strategic shift aimed at accelerating economic recovery while maintaining macroeconomic stability. During the 'GovernorConnect: A Year in Review, Moving Forward' event, the central bank confirmed that it has lowered the policy interest rate twice over the past year, bringing it down from 1.50% to 1.00%. This monetary easing is accompanied by 18 specific measures categorized into four key areas: household debt resolution, improving SME access to credit, ensuring fairness in financial services, and strengthening anti-fraud systems against illicit financial flows. For residents and business owners, these changes are intended to alleviate financial pressure and improve liquidity in the market. The BOT also indicated that five additional measures are currently in the pipeline, alongside plans to implement stricter oversight of non-bank financial institutions by 2027. While these initiatives signal a proactive approach to structural economic challenges, the long-term impact on inflation and currency volatility remains to be confirmed. Stakeholders are advised to monitor further official announcements regarding the implementation timeline of the upcoming five measures.
