The Bank of Thailand (BOT) announced the outcome of the joint meeting between the Monetary Policy Committee (MPC) and the Financial Institutions Policy Committee (FIPC) on 6 December 2022:

• The meeting assessed that the global financial system faces rising risk to financial stability going forward due to the global economic slowdown, tightening global financial conditions, elevated levels of public and private debt, rising volatility of risky assets, as well as increasingly complex financial structure.
• Domestically, the economy is expected to continue on the steady recovery path. The BOT’s strategy of gradual and measured monetary policy tightening has been consistent with our economic environment. Financial leverage of public and private sectors from both domestic and foreign funding are relatively low. International reserves remain high compared to other countries. The committees assess that Thailand’s financial system is resilient.
• Click here to see the full statement.