At its 16 October monetary policy meeting, the Bank of Thailand (BoT) maintained the one-day repurchase rate at 2.50% for the third consecutive meeting. The decision was widely expected by the markets. The BoT pointed out that the national economy is showing signs of improvement. While the external sector recovers amid stronger global demand, investment and private consumption have stabilized. Regarding price developments, the Bank acknowledged that consumer prices have decreased, mainly due to subdued domestic demand. The decision to keep the rate unchanged was unanimous. According to the Bank, the "current accommodative monetary policy remains appropriate in supporting economic recovery in the periods ahead, given uncertain global economic and financial conditions." FocusEconomics Consensus Forecast panelists expect the one-day repurchase rate to end 2013 at 2.92%. In 2014, the panel expects the monetary policy rate to end the year at 3.20%.
Thailand Monetary Policy
Bank of Thailand keeps rates on hold
October 16, 2013
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Thailand Monetary Policy Chart
Note: One-day repurchase rate in %.
Source: Bank of Thailand (BoT).
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.