Monetary Policy Decisions: 22 January 2014
Mr. Prasarn Trairatvorakul, Chairman of the Monetary Policy Commitee (MPC), announced the outcome of the MPC meeting today, as follows. The committee deems the current stance of monetary policy to be accommodative and appropriately supportive of economic recovery. The ongoing political situation poses risks to growth, but sound economic fundamentals should help the economy weather these short-term risks. In addition, safeguarding financial stability remains a cornerstone for economic recovery in the period ahead. The MPC thus voted 4 to 3 to maintain the policy rate at 2.25 percent per annum. Three members voted to reduce the policy rate by 0.25 percent to cushion the economy against rising downside risks to growth, given contained inflationary pressure.
The MPC will closely monitor developments of the Thai economy and stand ready to take appropriate actions as warranted.
Monetary Policy Report : October 2013
The Monetary Policy Report is prepared quarterly by staff of the Bank of Thailand with the approval of the Monetary Policy Committee (MPC). It serves two purposes: (1) to communicate to the public the MPC's consideration and rationales for the conduct of monetary policy, and (2) to present the latest set of economic and inflation forecasts, based on which the monetary policy decisions were made.