The Bank of Thailand was founded on December 10, 1942. It was ever since led by a governor and four deputy governors.

Tarisa Watanagase was, on October 17, 2006, designated as the bank’s governor, replacing Pridiyathorn Devakula, who became finance minister.

It defines its roles as :

1. To promote monetary stability and formulate monetary policies.
2. To promote institutions’ stability and supervise financial institutions.
3. To provide banking facilities and recommend economic policies to the government.
4. To provide banking facilities for the financial institutions.
5. To manage the country’s international reserves.
6. To print and issue banknotes.

Since May 2000, the bank has targeted inflation, replacing money supply as the core of its monetary policy. Its current target for core inflation is 0%-3.5%.

Interest rates are designated by the Monetary Policy Committee, which comprises three officials from the Bank of Thailand and four other experts.

See also

• Thai baht

External links

• Official website