Monetary Policy Decisions: 27 November 2013
Mr. Paiboon Kittisrikangwan, Assistant Governor, Bank of Thailand annouces the outcome of the MPC meeting today, as follows. The committee judges that the Thai economy is expanding at a lower pace than previously assessed, with greater downside risks compared with the last meeting. Given benign inflation outlook and moderating household credit growth, there is room for monetary policy to mitigate downside risks to the economy. The MPC thus voted 6 to 1 to reduce the policy rate by 0.25 percent, from 2.50 to 2.25 percent per annum, with immediate effect. One member deemed current monetary policy stance to be sufficiently accommodative, and therefore voted to maintain the policy rate at 2.50 percent per annum.
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.