• TH
    • TH
  • About BOT
    • Roles & History
    • Laws And Regulations
    • Organization And Executives
    • Committee
    • Financial Reports
    • Banknotes
    • Museum
  • Monetary Policy
    • Monetary Policy Committee (MPC)
    • Monetary Policy Target
    • Schedule of Meetings
    • MPC Meeting Results
    • MPC Publications
    • MPC Knowledge
    • Economic Conditions
    • Regional Economy
    • Research and Conference Papers
  • Financial Institutions
    • Financial Institutions Policy Committee
    • Thailand’s Financial Institutions​
    • BOT Roles and Responsibilities
    • Financial Institutions Supervision in Practice
    • Financial Institutions Policy
    • Supervision of Other Financial Corporations
    • Supervisory Coordination
  • Financial Markets
    • Monetary Operations
    • Financial Market Development
    • Foreign Exchange Market
    • Foreign Reserves Management
    • Foreign Exchange Regulations
    • Thai Reference Rate and LIBOR Transition
    • Bond Investor Registration
  • Payment Systems
    • Payment Systems Committee (PSC)
    • Payment Systems Policy
    • Oversight of Payment Systems
    • Payment Systems Act
    • Oversight of e-Payment Service Providers
    • BOT's Payment System Services
    • Payment Systems Standards
    • Payment Systems Notification & Circulars
    • Cross-border Payment
    • Financial Technology
  • Research and Conferences
    • Research
    • Conferences
    • Puey Ungphakorn Institute For Economic Research
  • Statistics
    • Financial Markets
    • Economic and Financial
    • Financial Institutions
    • Payment Systems
    • Regional Economic and Financial
    • Key Economic Indicators
    • Selected Recent Developments
    • BOT API
    • Statistics Handbook

  • BOT at a Glance
  • Financial Group
  • Researcher
  • Press
  • Student
​​​

​​​About BOT

Key roles and responsibilities of the Bank of Thailand​ (BOT) are to facilitate economic and financial system through monetary policy implementation in order to accommodate sustainable economic growth at rates that match the country’s potential. The BOT also aims to help creating favorable economic environment that will promote quality of livings of all Thais in the long run. 

The BOT’s key task is to maintain financial stability by keeping inflatio​​n and exchange rates at appropriate levels in accordance with economic conditions at any given time. Other tasks include banknote circulation management and supervision of  payment system.

Another vital role of the BOT is to supervise, probe, and analyze the performance, financial status, and risk management of financial institutions. The BOT also stipulates the minimum capital adequacy ratio of financial institutions in accordance with the international standard to ensure that they have adequate capital and appropriately set aside provisions to cushion economic and financial risks. Moreover, the BOT determines policies and regulations to ensure stabilities of the fin​ancial institutions and payment systems while promoting efficiency of local financial institutions to prepare for stiffer competition amid upcoming financial liberalization. The bank also encourages good governance at financial institutions to boost transparency and ensure that their clients are treated fairly.

The BOT has initiated Financial Sector Master Plan (FSMP), a medium-term development plan for financial institutions under the supervision of the Bank of Thailand that will provide guidelines for local institutions to strengthen their positions and improve their service efficiency and accessibility.  At the final stage of the FSMP Phase II (2010-2014), the BOT is pushing for greater competition and efficiency of the sector and will eventually promote new players.​

Moreover, the BOT provides banking facilities to the government in terms of depository and lending facilities for the Ministry of Finance and acts as the custodian for the government. It also provides banking facilities for financial institutions and acts as lender of the last resort for cash strapped financial institutions.

The BOT has prepared a strategy roadmap to set medium-term direction over the course of five years. The strategy roadmap aims to pursue sustainable economic well-being through c​reation of economic balance and stability as well as inclusive and fair growth to cope with fast-changing and more complex economic conditions both domestically and externally. 

​According to the BOT’s strateg​​y roadmap ​2012-2016, its vision is “to be an organization of vision and principles that engages with stakeholders in pursuit of Thailand’s sustainable economic well-being.” Its four core values consist of “Principles, Visions, Collaboration, and Humility.”

​The BOT’s mission is “to promote a stable financial environment to achieve sustainable and inclusive economic development.” The ambitious mission can be divided into five categories including price stability, financial stability, payment system stability, banknote excellence, and consumer protection on financial services.

In addition, the BOT also acts as economic and financial data center that provides comprehensive, well-rounded, and credible information to the public. It releases key domestic and international economic indicators as well as provides explanations for any changes and constantly shares views on economic prospect. ​

To communicate with the public on monetary policy, the BOT releases policy decision after each meeting of the Monetary Policy Committee (MPC). It also provides reasons and factors behind the decision to keep, raise, or cut policy rate as well as the MPC’s view on economic trend and response to queries from reporters to create clear understanding about the BOT’s stance.  

Furthermore, the BOT also releases research notes on economic trend that it uses as assumptions for economic forecast and back policy decision. This information would help the private sector make business decision in accordance with the economic condition and the BOT’s monetary policy direction.  

The BOT has assumed the role of Thailand’s central bank for over seven decades. According to the BOT’s history​, there were serious efforts to set up a central bank since the 1932 revolution but it took another 10 years for a successful establishment due to political instability and scarcity of monetary and banking experts. 

Since its commencement date on December 10, 1942, a total of 22 governors of BOT​ have been appointed.  The present governor, Mr. Prasarn Trairatvorakul, has assumed his position since October 1, 2010. There are three deputy governors and 10 assistant governors administrating various work groups at the BOT and their details can be found at the executive directory. The Board of BOT will determine overall policies of the central bank while policies and guidelines of specific issues will be decided by separate committees​ such as the Monetary Policy Committee (MPC), the Financial Institutions Policy Committee (FIPC), and the Payment Systems Committee (PSC). 

​

Share
Tweet
Share
Tweet
About BOT
  • Roles & History
  • Laws And Regulations
  • Organization And Executives
  • Committee
  • Financial Reports
  • Banknotes
  • Museum
Monetary Policy
  • Monetary Policy Committee (MPC)
  • Monetary Policy Target
  • Schedule of Meetings
  • MPC Meeting Results
  • MPC Publications
  • MPC Knowledge
  • Economic Conditions
  • Regional Economy
  • Research and Conference Papers
Financial Institutions
  • Financial Institutions Policy Committee
  • Thailand’s Financial Institutions​
  • BOT Roles and Responsibilities
  • Financial Institutions Supervision in Practice
  • Financial Institutions Policy
  • Supervision of Other Financial Corporations
  • Supervisory Coordination
Financial Markets
  • Monetary Operations
  • Financial Market Development
  • Foreign Exchange Market
  • Foreign Reserves Management
  • Foreign Exchange Regulations
  • Thai Reference Rate and LIBOR Transition
  • Bond Investor Registration
Payment Systems
  • Payment Systems Committee (PSC)
  • Payment Systems Policy
  • Oversight of Payment Systems
  • Payment Systems Act
  • Oversight of e-Payment Service Providers
  • BOT's Payment System Services
  • Payment Systems Standards
  • Payment Systems Notification & Circulars
  • Cross-border Payment
  • Financial Technology
Statistics
  • Financial Markets
  • Economic and Financial
  • Financial Institutions
  • Payment Systems
  • Regional Economic and Financial
  • Key Economic Indicators
  • Selected Recent Developments
  • BOT API
  • Statistics Handbook
Schedule of Releases
Terms and Conditions
Personal Data Privacy Policy
Links
FAQ
Contact Us

©2015 Bank of Thailand. All rights reserved.   ( Best View with Chrome, Safari, Firefox or IE 10 (and above) )
Inquiry/Suggestion/Complaint
E-newsletter

Service Manager
Pranee Tel. (+66)-2283-5018
Surapee Tel. (+66)-2283-6811

©2015 Bank of Thailand. All rights reserved.