At its 20 October monetary policy meeting, the Bank of Thailand (BoT) decided to leave the one-day repurchase rate unchanged at 1.75% in a decision widely expected by the market. The decision follows on two straights 25 basis-points' increases in July and August. Monetary authorities argued that the recovery in the world economy continues, albeit at a slower pace, with large economies - such as the U.S. and Japan - still remaining ?fragile? due to risks stemming from high unemployment and faltering domestic demand. In addition, European economies continue to face the challenge of tightening budgets in the year ahead, which will adversely affect Thai exports amid lower external demand. BoT Assistant Governor Paiboon Kittisrikangwan added that the economy is expected to grow mainly as a result of strong domestic demand but inflationary pressures are expected to remain at bay. The next monetary policy meeting is scheduled for 1 December.
Thailand Monetary Policy
Central Bank leaves interest rates unchanged
October 20, 2010
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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.