Bank of Thailand

Bank of Thailand

February 8, 2017

There have been no central bank interest rate changes in Thailand since cuts of 25 basis points each in March and April of 2015. Six earlier such reductions had been spaced between November 2011 and March 2014. The latest policy review ended today with a unanimous vote to keep the interest rate at 1.5%, which […] More

Bank of Thailand Keeps 1.5% Interest Rate

December 21, 2016

In deliberating their policy decision, the Committee assessed that the Thai economy would continue to expand at a pace close to the previous assessment, but downside risks increased. Inflation was still expected to slowly rise. Meanwhile, monetary conditions remained accommodative and conducive to the economic recovery. Hence, the Committee decided to keep the policy rate […] More

Bank of Thailand Maintains 1.5% Interest Rate

November 9, 2016

The 1.5% one-day central bank repo rate, lowest since June 2010, has been at that level since back-to-back 25-basis point reductions in March and April 2015. There were six previous cuts of the same size administered from November 2011 to March 2014. A statement released after the latest monetary policy review called the current stance “accommodative […] More

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