Thailand Monetary Policy


Thailand: Bank of Thailand stays put for second time

May 2, 2012

At its 2 May monetary policy meeting, the Bank of Thailand (BoT) decided to keep the one-day repurchase rate unchanged at 3.00%, in a decision widely expected by the market. The Bank's decision means that monetary authorities have left the main monetary policy rate unchanged for two consecutive meetings, following on two consecutive 25 basis-point rate cuts in November and January. In its statement, monetary officials argued that the recovery in the first quarter was faster than expected. Manufacturing production is showing signs of improvement and is expected to return to pre-flooding levels by the end of the second quarter. According to the BoT, "exports were expected to rebound sooner than previously assessed in tandem with the recovery in manufacturing production". Moreover, the Bank underlined that inflation fell considerably in April as a result of the high base of comparison recorded in the same month last year. However, monetary officials pointed out that "upward inflationary pressure in the period ahead remained". Finally, authorities acknowledged that while the recent accommodative stance has helped to shore up confidence, external factors continue to be a major risk to the growth outlook. The next monetary policy meeting is scheduled for 13 June.

Author:, Senior Economist

Sample Report

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


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