Interest rate remains at 2.75%

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BANGKOK, 20 February 2013 The Monetary Policy Committee (MPC) has decided to maintain the policy interest rate at 2.75% per annum, with immediate effect, while attributing the healthy economic growth in Thailand to the eased monetary policy of the government. 

Assistant Governor for the Monetary Policy Group of the Bank of Thailand Paiboon Kittisrikangwan, in his capacity as a secretary to the MPC, said on Wednesday that the MPC had voted 6:1 to keep the policy interest rate at 2.75%. The one vote that was against the majority decision supported a 0.25% decrease from 2.75% to reduce risks from capital flows and the fragile economy.

The MPC said inflation in the country was still within the targeted range amid the volatile global economy. However, the committee warned that the Thai economy still had financial risks following the spiraling value of assets.