The Bank of Thailand should not use monetary policy to stimulate the economy as it would lead to currency wars in the region, but the central bank should relax currency regulations to keep the baht weak, a CIMB Thai economist says.
The European Central Bank announced on Thursday that it will publish the minutes of its monetary policy meeting, starting next month, although it opted not to reveal the votes of individual members of the rate-setting body. In a statement, the ECB said that it will publish regular accounts of Governing Council monetary policy discussions, starting with the meeting on January 22, 2015.
THE BANK of Thailand's Monetary Policy Committee yesterday left its benchmark interest rate untouched at 2 per cent with the confidence that the economy would not face deflation in the near term despite the meltdown in crude oil prices.
Mathee Supapongse, secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on Dec. 17, as follows: The committee voted 5 to 2 to maintain the policy rate at 2.00 per cent per annum. Two members voted to reduce the policy rate by 0.25 percentage point per annum. In the third quarter of 2014, the Thai economy expanded slowly as expected, with domestic private ...
The Bank of Thailand's Monetary Policy Committee today decided to maintain the policy rate at 2 per cent, despite expectations from research houses that monetary policy should be relaxed to give a boost to the weaker-than-expected economic recovery.