Bank of Thailand Holds Policy Rate at 1.5%
November 4, 2015
Monetary officials consider the current monetary stance sufficiently accommodative and appropriate. A released statement declares, “headline inflation is projected to rise gradually, and to turn positive in the first quarter of next year. Meanwhile, deflationary risks remain contained as demand continues to expand and core inflation is still positive, consistent with medium-term inflation expectations of the public.” The interest rate was reduced by 25 basis points each in March and April of this year. Those votes had not been unanimous, but today’s decision was favored by the whole committee. Like the situation faced by many other economies, Thailand’s downside growth risks are external for the most part. Earlier, the rate was cut from 3.5% prior to November 2011 to 2.0% by March 2014.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Thailand
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