Thailand Monetary Policy

Thailand

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.

FocusEconomics Consensus Forecast panelists expect the one-day repurchase rate to end 2014 at 1.93%. In 2015, the panel expects the monetary policy rate to end the year at 2.33%.


Author:, Senior Economist

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Thailand Monetary Policy Chart


Thailand Monetary Policy September 2014

Note: One-day repurchase rate, in %.
Source: Bank of Thailand (BoT).


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