Thailand: Bank of Thailand keeps one-day repurchase on hold
September 17, 2014
At its 17 September monetary policy meeting, the Bank of Thailand (BoT) decided to maintain the one-day repurchase rate at 2.00%. The decision, which was unanimous, was on par with market expectations. The one-day repurchase rate currently sits at its lowest level in almost four years. The next monetary policy meeting is scheduled for 5 November.
According to the Bank, recent data show that economic momentum has picked up on the back of improving consumer confidence as well as private and public spending. However, exports have deteriorated due to supply-side limitations and low agricultural prices. Regarding tourism, the Bank added that is recovering slowing and moving back toward its normal trend. Meanwhile, inflation remains stable.
Author: Dirina Mançellari, Senior Economist