Bank of Thailand

July 5, 2017

Thailand’s central bank interest rate has been 1.5% since 25-basis point reductions in March and April of 2015. These were preceded by six earlier cuts also of 25 basis points each administered from November 2011 to March 2014. Inflation, which recently fell due to supply-side factors affecting fresh food among other things, may even dip under target according to a statement out today, but a reversal of trend is seen before year end. Economic growth is gaining momentum due to a better export outlook. There’s no need to cut further but also no immediate urge to exit the current monetary stance.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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