- Monetary policies are set and implemented by the Bank of Thailand (BOT),
proceeding under an inflation-targeting regime since 2000. The principle
instrument for maintaining price stability is the policy rate, the interest rate on
one-day repurchase (RP) bonds.
- BOT's adjustments to the policy rate influence money market rates and the rates
that financial institutions use on loans and deposits. These, in turn, impact the
economy overall.
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