At its 5 September monetary policy meeting, the Bank of Thailand (BoT) decided to keep the one-day repurchase rate unchanged at 3.00%, in a move that was in line with market expectations. The decision means that monetary authorities have left the main policy rate unchanged since March. In its statement, the Bank signalled that elevated risks to the global economy persist, highlighting the negative impact to export growth. On the domestic front, monetary officials acknowledged that economic activity showed resilience in the second quarter, buttressed by strong momentum in private consumption and investment. In addition, authorities underlined that government stimulus measures and strong domestic demand should support economic growth going forward. However, the Bank pointed out that export growth may fall short of the Bank's forecast, amid weak global demand. Regarding price developments, the BoT noted that inflationary pressures remain contained. Officials underlined that "domestic demand remained robust and current monetary conditions were accommodative enough to support continued economic expansion". The next monetary policy meeting is scheduled for 17 October.
Thailand Monetary Policy
Bank of Thailand keeps rates on hold
September 5, 2012
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Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.