Monetary Policy Decisions: 28 January 2015
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), The committee voted 5 to 2 to maintain the policy rate at 2.00 percent per annum. Two members voted to reduce the policy rate by 0.25 percent per annum. Most members deemed the current stance of monetary policy to be sufficiently supportive of the economic recovery. In addition, maintaining the policy rate helps to contain risks associated with a prolonged period of low interest rates and increased global financial market volatility. However, two members judged that monetary policy should play a greater role in supporting the economy in light of higher risks from global economy and financial markets, long implementation lag of fiscal stimulus, and low inflation for some periods ahead which would result in higher real interest rates.
Monetary Policy Report : December 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.