Bank of Thailand

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

Bank of Thailand Left Key Interest Rate Unchanged This Time

August 5, 2015

A statement released after Bank of Thailand officials decided unanimously not to change their 1.5% policy interest rate foresees gradual economic recovery, helped in part by a softer Thai baht, projects that inflation, which is now negative, will rise in the second half of this year and “judged that the conduct of monetary policy has […] More

A Very Strong U.S. Non-Manufacturing Purchasing Managers Survey

August 5, 2015

The dollar appreciated 0.5% against the yen, 0.4% relative to the Australian dollar, 0.3% vis-a-vis the kiwi and Swiss franc and 0.2% versus the euro.  The dollar is down 0.3% against sterling and 0.2% versus the Canadian dollar but unchanged vis-a-vis the yuan. Chinese (-1.7%) and Greek (-2.9%) stocks took another tumble.  In other stock […] More

Thai Monetary Policy Left Unchanged

June 10, 2015

In response to more sluggish economic growth as attested by only a 2.2% rise of real GDP between 4Q13 and 4Q15, the monetary policy committee (MPC) of the Bank of Thailand had cut the one-day repo rate twice earlier this year by 25 basis points each in March and April.  Even earlier, six reduction between […] More

A Still-Divided Bank of Thailand Policy Committee Cuts its Interest Rate Again

April 29, 2015

A 25-basis point cut in March had been Thailand’s first interest rate change in a year.  The vote, however, had been 4-3 to approve that drop, so analysts were not expecting a follow-up stimulus this soon.  This time, a 5-2 majority approved cutting the interest rate to 1.5%, lowest since June 2010, from 1.75%, and […] More

Central Bank of Thailand Officials Cut Key Interest Rate for First Time since March 2014

March 11, 2015

The decision to cut the interest rate to 1.75% from 2.0% was finely balanced.  The Monetary Policy Committee’s released statement devoted a lengthy paragraph to explaining the different views of the four-member majority and three-member minority. In the policy deliberation, the committee judged that the outlook of the Thai economic recovery is weaker than previously […] More