MPC maintains policy rate at 2.75%

Bank of Thailand's Monetary Policy Committee today voted unanimously to maintain the policy rate at 2.75 per cent per annum, based on recovery in global economy and significant imiprovement in domestic economy.

The MPC however remarked that it would continue to closely monitor financial stability risks that may arise from persistently high credit growth, rising household debt, and volatile capital flows.

The MPC assessed that the accommodative monetary policy stance throughout the previous year had significantly shored up private sector confidence, supported post-flood recovery, and helped cushion the economy from the global economic headwinds.

"The MPC viewed that, with remaining uncertainties in the global economy and inflation forecast within target, the current monetary policy stance was appropriate in supporting domestic demand to sustain growth momentum," said Paiboon Kittisrikangwan, secretary of the Monetary Policy Committee.