Bank of Thailand’s One-Day Repo Rate Left at 1.5% as Expected

September 27, 2017

The last central bank interest rate changes in Thailand were a duo of 25-basis point reductions in March and April of 2015 that culminated two percentage points of easing since November 2011. The policy stance is being kept accommodative in light of sub-target inflation and the baht’s appreciation against other Asian currencies. Some political pressure has been urging another easing. But a statement after the latest policy review revised projected export-led growth upward to 3.8% in 2017 from 3.5%, the previous forecast. Officials would like to see domestic demand develop more dynamism but are projecting that CPI inflation, which is expected to rise just 0.6% this year, will climb back within the 1-4% target boundaries by the middle of next year.

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

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