Bank of Thailand

Bank of Thailand

September 14, 2016

Thailand’s Monetary Policy Committee voted unanimously to again leave policy on hold. The overnight repo rate has been at 1.50% since the last reduction in April 2015. A released statement projects growth slightly above 3.0% but also stresses an abundance of domestic and external uncertainties. Inflation is barely above zero but expected to rise into target […] More

Bank of Thailand Leaves Key Interest Rate at 1.5%

August 3, 2016

Monetary officials in Thailand implemented eight reductions of 25 basis points between November 2011 and April 2015. As expected, they left the 1.5% rate level since April 2015 unchanged.  A new statement released after the latest policy meeting does not change projected growth but attaches greater downside risk to the baseline forecast than existed at […] More

Bank of Thailand Policy Remains on Hold

June 22, 2016

Thailand’s central bank interest rate has been at 1.50% since the last of eight 25-basis point cuts between November 2011 and April 2015.  After unanimously voting to keep that rate level at this month’s meeting, the Monetary Policy Committee released a statement advocating no further cut so as to preserve ” policy space given that […] More

Modestly Softer Dollar

June 22, 2016

Dollar slippage so far today amounts to 0.6% against the Aussie dollar, 0.5% versus the kiwi, 0.4% relative to sterling and the euro, 0.3% vis-a-vis the yen and loonie and 0.2% against the yuan. Janet Yellen will be reprising her semi-annual testimony on monetary policy and the U.S. economy, this time before the House Financial […] More

Bank of Thailand

May 11, 2016

The 1.25% policy interest rate was retained by a unanimous vote of the Monetary Policy Committee.  This is the lowest rate since June 2010 and has been unchanged since 25-basis point cuts engineered in March and April of 2015.  The statement explaining today’s decision reads dovishly, conceding that “the balance of risks to economic growth […] More

Bank of Thailand

March 23, 2016

Thailand’s monetary policy interest rate was left at 1.5% as widely expected.  Such was also the result of the previous six Monetary Policy Committee meetings.  In 2015, the rate was cut by 25 basis points each in march and April.  Six earlier reductions of that magnitude were implemented from November 2011 to March 2014.  A […] More

Bank of Thailand

February 3, 2016

Thailand’s Monetary Policy Committee engineered seven reductions of its policy interest rate (each by 25 basis points) beginning in November 2011 and most recently in April 2015.  Cuts in March 2015 and April 2015 were decided by split 4-3 and 5-2 votes.  The latest committee policy meeting ended in a unanimous decision to keep the […] More

Bank of Thailand

December 16, 2015

The monetary policy rate in Thailand was left unchanged at 1.5% by a unanimous vote of policymakers.  Such was reduced six times between November 2011 and March 2014 by a total of 150 basis points to 2.0%.  In 2015, two additional reductions of 25 basis points were implemented in March and April.  The tone of […] More

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 […] More

The Bank of Thailand Interest Rate Left Unchanged

September 16, 2015

There have been nine cuts of the one-day repo rate since November 2011, most recently in March and April of this year.  The current level, 1.50%, is just 25 basis points above the 66-year low hit in the Great Recession.  Thai monetary officials in their latest statement following a unanimous decision to keep policy unchanged […] More