At its 25 January monetary policy meeting, the Bank of Thailand (BoT) decided to cut interest rates by 25 basis points to 3.00%, in a move widely expected by market analysts. The decision follows the 25 basis-point reduction agreed at the 30 November meeting. Monetary officials acknowledged that the impact of the floods on the economy was greater than previously assessed. The Bank predicts that the reconstruction process, along with the recovery, will take longer than expected and that manufacturing output is unlikely to be back on track until the third quarter. Although the BoT recognised that inflationary pressure was low in the midst of lower global commodity prices and weakening domestic demand, it also sees some upward pressure on inflation resulting from the boost to economic activity from reconstruction spending and governmental stimulus.
Thailand Monetary Policy
Bank of Thailand cuts interest rates
January 25, 2012
Looking for forecasts related to Monetary Policy in Thailand? Download a sample report now.
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.