Bank of Thailand’s Main Interest Rate Left at 1.5% after Latest Review

August 16, 2017

The last time Thailand’s central bank changed its policy rate was in April 2015 when the second of two 25-basis point cuts that year and eighth overall since November 2011 was implemented. The decision to keep the rate at 1.50% was taken unanimously, with one of the policymakers not attending today’s meeting. In a statement released afterwards, export-led growth prospects were upgraded somewhat. Officials observed that inflation has been lately lower than assumed, and expressed some concern about the possibility of the baht rising against the dollar by more than other regional currencies. With global risks persisting, officials defended the continuing accommodative monetary stance and seemed altogether in no hurry to either cut or raise their interest rate.

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



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