Thailand Monetary Policy


Thailand: Central Bank raises interest rates again in January

January 12, 2011

At its monetary policy meeting held on 12 January, the Central Bank of Thailand (BoT) raised the one-day repurchase rate by 25 basis points from 2.00% to 2.25%. The decision, which was broadly in line with private sector analysts' expectations, followed on a 25 basis-point increase in December. Monetary authorities claimed that the recovery in the global economy continues and thus inflationary pressures will increase on the back of strong economic growth. The Central Bank furthermore stated that risks to global economic growth have declined, with economic growth in the United States likely to exceed the 2010 result while robust growth in exports and private consumption in core Europe should mitigate negative effects related to the persistent sovereign debt risks. Finally, Asian economies are expected to expand robustly, on the back of rising exports and domestic demand. The BoT Assistant Governor, Paiboon Kittisrikangwan, argued that the Thai economy improved in the final quarter of 2010, amid strong growth in both domestic and external demand. Accordingly, monetary officials expect that the economy will maintain its strong momentum in 2011. Stronger domestic demand will cause inflationary pressures, while supply side pressures will also exist, as a result of the upward trend in oil and commodity prices. The next monetary policy meeting is scheduled for 12 February.

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