Bank of Thailand to Maintain Policy Rate at 1.5%
Bangkok | 27th September 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 but would continue to monitor pockets of risks that might pose vulnerabilities to financial stability in the future. These included, in particular, 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) especially those affected by changes in structural factors and business models.
Looking ahead, Thailand’s growth outlook improved further on the back of external demand while strength in recovery of domestic demand must 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