At its 13 June monetary policy meeting, the Bank of Thailand (BoT) maintained the one-day repurchase rate unchanged at 3.00%, in a decision widely expected by the market. The Bank's decision means that monetary officials have left the main monetary policy rate unaltered for five consecutive months. In its statement, the BoT acknowledged that the economy recovered faster than expected in the first quarter and that activity should continue gaining momentum amid "accommodative monetary conditions, robust private loan growth, and the implementation of government stimulus measures". However, monetary officials pointed out that the European debt crisis and slowing growth in China continue to be major risks to global economic growth. The next monetary policy meeting is scheduled for 25 July.
Thailand Monetary Policy
Bank of Thailand stays put for fifth consecutive month
June 13, 2012
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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.