Monetary Policy

maintain price stability • foster economic growth •  maintain financial system stability

An essential duty of central banks everywhere is to conduct monetary policy.

Monetary Policy Target

The Bank of Thailand (BOT) has conducted monetary policy under the flexible inflation targeting framework since May 2000. Under this framework, the BOT pays attention not only to ensuring price stability through setting inflation target (so-called "monetary policy target"), but also to preserving economic growth and financial stability.

Current Target

business suit man holding up interest rate graph

Monetary Policy Committe (MPC) Meetings

The Monetary Policy Committee makes the decision on the policy rate 6 times per year. The MPC meeting schedule will be announced in advance. Special MPC meetings could be held in the necessary case.

Bang Khun Phrom Palace

Monetary Policy Committee Publications

The MPC communicates monetary policy decisions and rationale through MPC Meeting Press Releases, MPC Meeting Edited Minutes, the Monetary Policy Report (MPR), the Monetary Policy Forum, and Open Letters to the Minister of Finance.

List of publications

yield curve slide and presenter in suit

Monetary Policy Operations

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.​


About monetary policy

Learn about monetary policy in Thailand here. Start with an overview and learn about how monetary policy is determined.

Start learning