Bank of Thailand pauses rate hikes after inflation turns negative

Central bank cuts GDP forecasts amid signs of tension with government over fiscal stimulus

Bank of Thailand
The Bank of Thailand
George Johnson

The Bank of Thailand paused its tightening cycle after raising rates for over a year, as headline inflation turned negative in October.

The MPC’s decision came after it raised the policy rate in eight meetings in a row, for a total of 200 basis points since August last year. There are signs of tension between the central bank and the government over the prime minister’s planned fiscal stimulus.

The BoT’s monetary policy committee voted unanimously to hold the one-day repurchase rate at 2.5%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.