RHB | Thailand | BOT Held Rate At Three-Year Low, Policy Remains Sufficiently Accommodative

Economic Research	05 November 2014
Thailand
Economic Highlights
BOT Held Rate At Three-Year Low, Policy Remains Sufficiently Accommodative The Bank of Thailand’s (BOT) Monetary Policy Committee (MPC) kept the key policy rate (1-Day Bilateral Repurchase Rate) unchanged at a three-year low of 2.00% on 5 November (see Figure 1), for the fifth straight meeting, since slashing rates by 25 basis points in March this year. The decision came in line with consensus’ and our expectations as the Central Bank is of the view that current policy rates are sufficiently accommodative while taking into consideration the country’s long-term financial stability. Economist:  Peck Boon Soon  | +603 9280 2163