Bank of Thailand

December 20, 2017

By unanimous vote, the one-day repo rate was left at 1.50%, which has been its level since back-to-back 25-basis point cuts in March and April of 2015. Thailand’s monetary policy committee members are in no hurry to start raising interest rates even though projected GDP growth was revised up 0.1 percentage point to 3.9% this year and next. “The current accommodative monetary policy stance remained conducive to the continuation of economic
growth and should foster the return of headline inflation to target, although the process could take some time.”

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

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