Monetary Policy Decisions: 5 November 2014
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), The committee voted 6 to 1 to maintain the policy rate at 2.00 percent per annum, with one member voting to reduce the policy rate by 0.25 percent per annum. The committee projects sustained economic recovery in 2015, and deems that the current monetary policy is sufficiently accommodative and does not hinder the ongoing recovery. The stance is also consistent with long-term financial stability. Nevertheless, the committee expresses concerns regarding greater downside risks from global growth and the timeliness of public investment spending. One member assessed that further accommodation is needed in order to reinforce the momentum of economic recovery.
The MPC will closely monitor developments of the Thai economy, and will pursue appropriate policy to ensure adequate support to the recovery, as well as long‐term financial stability.
Monetary Policy Report : September 2014
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.