MPC meeting, August 13: Policy rate likely to be kept unchanged, with 1-2 cuts expected in this year’s two remaining meetings (Business Brief No.4183 Full Ed.)

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At the upcoming Monetary Policy Committee (MPC) meeting slated for August 13, 2025, the MPC is expected to hold its policy rate steady at 1.75 percent. The outlook is based on the fact that Thailand’s economy in 2Q25 is projected to expand by around 3.0 percent, while economic risks have eased following the US’s imposition of a 19-percent tariff on Thai goods.
For the remainder of the year, KResearch anticipates that the MPC may cut the policy rate one or two more times at its remaining two meetings in October and December. This would be in response to a significant economic slowdown expected in 4Q25, due to potential contractions in exports and tourist arrivals.
Additionally, the Baht has appreciated by 5.9 percent year-to-date, ranking among the strongest currencies in the region, exerting further pressure on Thailand’s export and tourism sectors.

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