Bank of Thailand
February 14, 2018
Thailand’s central bank policy interest rate has been at 1.5% since 25-basis point cuts in March and April of 2015. Monetary Policy Committee members decided to keep it at this pro-growth, accommodative level at this week’s review, releasing a statement that defends the need for such in order to promote the upward return of inflation to target and asserts that “the process could take some time.” Moreover, ” Thailand’s growth outlook was still subject to risks that warranted close monitoring, namely uncertainties pertaining to US economic and foreign trade policies as well as geopolitical risks.” Prior to the pair of cuts in the spring of 2015, six earlier 25-basis point reductions were implemented from November 2011 to March 2014.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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