Bank of Thailand Interest Rate Left Unchanged

September 17, 2014

For a fourth straight time, the Thai central bank policy interest rate was kept unchanged at 2.0%, and no adjustement seems nearby.  The last one was a 25-basis point cut in March, which was the sixth such reduction since a peak of 3.5% between August 2011 and November 2011.  After the latest meeting, officials released a brief statement that talks of improving domestic demand and confidence, financial market and price stability, but supply-side limitations to future growth.  Officials conclude in unanimous fashion that “the current degree of monetary accommodation is still
needed given an early stage of recovery, and does not pose risks to financial stability.”

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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