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Monetary Operations Framework​

Under the flexible inflation targeting framework, the Monetary Policy Committee (MPC) signals its policy stance through changes of the policy interest rate, or the 1-day bilateral repurchase rate. The BOT has established monetary operatio​​ns framework comprising various monetary policy instruments in order to steer short-term money market rates in line with the policy interest rate.​

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Related Article
Monetary Policy Instruments (Apr2017)
Monetary Policy Instruments (Feb2015)
Summary table of monetary policy instruments
Reform of the Bank of Thailand’s Monetary Operation Framework (Nov2006)
Reform of the Bank of Thailand’s Monetary Operation Framework (Powerpoint)

​​Monetary Policy Instruments

​​1. Reserve Req​uirements​

2. Open Market Operations

Issuance of BOT Bonds/Bills
Bilateral Repurchase Transactions
Outright Purchase and Sale of Public Sector Debt Securities
Foreign Exchange Swap

​

3. Standing Facilities​

Deposit Facility
Lending​ Facility​

 

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RP End of Day Rate and Summary
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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
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