Bank of Thailand’s Policy Rate Left Unchanged at 1.50%
May 16, 2018
A released statement by the Monetary Policy Committee defends the appropriateness of an accommodative policy stance. Although the economy continues to gain traction, external risks persist. A positive output gap is diminishing, but it will be some time before sub-target inflation rises to its desired level. Core inflation is rising only slowly. Officials promise to monitor “the strength of the domestic demand and inflation developments in the period ahead” and to ” stand ready to utilize available policy tools to sustain economic growth while also ensuring financial stability.” The policy rate reached its current level after a 25-basis point reduction in April 2015.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank of Thailand
ShareThis
