Monetary Policy Committee’s Decision 1/2023

The Monetary Policy Committee (MPC) of Thailand has announced a unanimous decision to raise the policy rate by 0.25 percentage points, from 1.25% to 1.50%. The Thai economy is projected to continue growing, with the tourism sector expected to recover faster following the return of Chinese tourists. The expansion of private consumption is also expected to continue. However, risks of rising demand-side inflationary pressures must be monitored, and financial institutions should continue targeted measures and sustainable solutions for vulnerable groups. The Committee is ready to adjust the policy normalization should the growth and inflation outlook shift from the current assessment.

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