Thailand Monetary Policy

Thailand

Thailand: Central Bank surprises with rate hike

December 1, 2010

At its 1 December monetary policy meeting, the Bank of Thailand (BoT) surprised the market by raising the one-day repurchase rate by 25 basis points from 1.75% to 2.00% and maintaining its dovish tone unaltered for the remainder of the year. The decision follows on two consecutive months without a change in the reference rate. BoT Assistant Governor Paiboon Kittisrikangwan stated that the recovery in the global economy continues as expected, but cited that additional downside risks persist, such as the increasing volatility in the financial markets, as a result of sovereign debt woes in some European countries. Moreover, monetary authorities claimed that the country's economic fundamentals remain robust, with economic growth buttressed by strong domestic demand. Consequently, as a result of increasing input costs due to growing domestic demand, inflationary pressures, while stable at the moment, are expected to rise in the coming months. The next monetary policy meeting is scheduled for 12 January.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Monetary Policy in Thailand? Download a sample report now.

Download




Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form