Bank of Thailand to Maintain Policy Rate at 1.5%
Bangkok | 16th August 2017
Bank of Thailand to maintain policy rate at 1.5%. All members (except one absent) of the monetary policy committee has voted to keep the rate at unchanged at 1.5%.
” Bank of Thailand Maintain Policy Rate at 1.5% “
The Committee viewed that financial stability remained sound with sufficient cushion against economic and financial volatilities on both domestic and external fronts. However, there remained pockets of risks that warranted close monitoring, particularly the search-for- yield behavior in the prolonged low interest rate environment that might lead to underpricing of risks, and the deterioration in debt serviceability of small-and-medium sized enterprises (SMEs).
Looking ahead, Thailand’s growth outlook improved further on the back of external demand, with the recovery of domestic demand to be monitored. Hence, the Committee viewed that monetary policy should remain accommodative, and would stand ready to utilize available policy tools to sustain economic growth while also ensuring financial stability.
Official Press Release by Bank of Thailand