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The Monetary Policy Committee (MPC) pegs benchmark rate at 1.5%

The Monetary Policy Committee (MPC) has resolved to maintain the policy interest rate at 1.5 percent as the Thai economy is considered to be growing continuously.

MPC Secretary-General Jaturong Jantarangs, revealed today that members of the committee have reached a consensus to keep the interest rate unchanged at 1.5 percent per annum with a vote of 5-1. He explained that the stable monetary policy will accommodate further expansion of the Thai economy, which has been moving in an upward trend in tandem with tourism and export growth. Other supporting factors include a steady increase in private investment and progress of state investment projects despite some disbursement delays.

On the other hand, among factors that should be monitored are the uncertain trade policy of the US and trade conflicts between the superpower country and its partners, which could affect Thai exports and inflation.

During the meeting, the MPC also revised upwards its economic growth projections from 4.1 percent to 4.4 percent for 2018 and from 4.1 percent to 4.2 percent for 2019. Meanwhile, public and private investments are expected to grow 8.9 percent and 3.7 percent, respectively.

Information and Source
Reporter : Surapan Laotharanarit
Rewriter : Surapan Laotharanarit
National News Bureau & Public Relations


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