Bank of Thailand

November 8, 2017

Following a two percentage point decline between November 2011 and April 2015, Thailand’s policy interest rate has been at 1.5%. The latest review ended with a unanimous decision to keep that level, which is defended in a statement as follows: “The Committee viewed that the current accommodative monetary policy stance remained conducive to the continuation of economic growth and should foster the return of headline inflation to target although this could take some time. Thus, the Committee decided to keep the policy rate unchanged at this meeting.” Inflation currently is running below target, and officials have become somewhat more optimistic about growth prospects. Foreign exchange movements have a potential to be overly volatile in the future and are being closely monitored by central bank officials.

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

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