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Monetary Policy
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Forecast summary as of 30 November 2022

% 2021* 2022 2023 2024
GDP Growth
1.5 3.2 (3.3) 3.7 (3.8) 3.9
Headline Inflation
1.2 6.3 (6.3) 3.0 (2.6) 2.1
Core Inflation
0.2 2.6 (2.6) 2.5 (2.4) 2.0
* Outturn
( ) Previous Forecast in Monetary Policy Report - September 2022

Historical data can be retrieved from
Inflation: Office of Policy and Strategic Trade, Ministry of Commerce
GDP: Office of the National Economic and Social Development Council


Publication Date

For 2023 English version
Q1/23 report: Wed. 10 May 2023
Q2/23 report: Wed. 12 Jul 2023
Q3/23 report: Wed. 8 Nov 2023
Q4/23 report: Wed. 10 Jan 2024

Monetary Policy Report 
 
Year 
 
Download: Monetary Policy Report (full version) November 2022
Analyst Meeting Slides, 19 December 2022

BOX Monetary Policy Report 
 
Global oil prices: recent developments and outlook
Channels through which the Russia-Ukraine conflict affects the Thai economy
The 2-year anniversary of COVID-19: How much has the Thai labor market recovered?
Impact of inflation on households across different income groups
Private consumption: a key driver of growth in the period ahead
Farm income outlook for 2022 amidst impacts from the Russia-Ukraine conflict
Underlying inflation indicators for Thailand
Implications of labor shortages and minimum wage increase for inflation
Monetary policy transmission and its impact on households and businesses
Assessment of international reserves adequacy
Housing market recovery post-COVID

For further inquiries

Forecasting Team, Economic and Policy Department

Tel. 0 2283 6824 or 0 2283 6610

​

Monetary Policy Strategy Division, Monetary Policy Department

Tel. 0 2283 6186 or 0 2356 7872
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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
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