Thailand Monetary Policy

Thailand

Thailand: Central Bank maintains monetary policy rate unchanged

January 9, 2013

At its 9 January monetary policy meeting, the Bank of Thailand (BoT) kept the one-day repurchase rate unchanged at 2.75%, in a decision broadly expected by the market. The verdict marks the second consecutive month in which the Bank keeps rates on hold after an unexpected 25 basis-point cut in October.

The BoT argued that last year's accommodative monetary policy stance "had significantly shored up private sector confidence, supported post-flood recovery, and helped cushion the economy from the global economic headwinds". In addition, the Bank assessed that the economy grew more than expected in the final quarter of 2012, buttressed by healthy private consumption and strong investment. Monetary officials also underlined that exports are showing "incipient signs of a broad-based recovery".

As inflation projections remain within the Bank's target and uncertainties in the global economy persist, the BoT argued that "the current monetary policy stance was appropriate in supporting domestic demand to sustain growth momentum". The next monetary policy meeting is scheduled for 20 February.


Author:, Senior Economist

Sample Report

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

Download

Thailand Monetary Policy Chart


Thailand Monetary Policy January 2013

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


Thailand Economic News

  • 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

  • Thailand: Bank of Thailand stands pat in May

    May 8, 2019

    In a unanimous vote at its 8 May meeting, the Monetary Policy Committee of the Bank of Thailand opted to leave the policy rate unaltered at 1.75% after the committee turned more dovish in the prior meeting.

    Read more

  • Thailand: Manufacturing output drops in March

    April 30, 2019

    Manufacturing production fell 2.5% year-on-year in March, down from a revised 1.3% drop in the prior month (previously reported: -1.6% year-on-year).

    Read more

  • Thailand: Exports drop in March, rounding off a weak first quarter

    April 23, 2019

    Thailand’s trade balance dropped from a USD 4.0 billion surplus in February to a USD 2.0 billion surplus in March; however, the 12-month moving sum of the trade balance increased to a USD 3.0 billion surplus from a surplus of USD 2.4 billion in February. In March, exports dropped 4.9% year-on-year while imports fell 7.6% year-on-year.

    Read more

  • Thailand: Inflation returns to target in March

    April 4, 2019

    Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication. Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range.

    Read more

More news

Search form