Snapshot for Bank of Thailand Repurchase Market Rates 1 Day Official Rates (BTRR1DAY)

Rate Profile Information for BTRR1DAY

The Bank of Thailand will conduct transactions at a fixed rate at the policy interest rate in its morning bilateral repurchase round (financial institutions submit a bid for the amount they wish to borrow or invest). If the BOT engages in other longer-term operations, they will be conducted via variable-rate tenders, (financial institutions submit bids, specifying both price and quantity for the amount the wish to borrow or invest), allowing term-interest rates to better reflect market conditions and expectations. However, to ensure that no fixed-rate operations span the MPC meetings, the BOT will avoid conducting 1-day bilateral repurchase operations on the day of the MPC meeting, given that the MPC interest rate decisions are announced in the afternoon. The index stores the benchmark interest rate of Bank of Thailand, and is updated only when there's a monetary policy meeting. To see the schedule of the meetings, see {BTRR1DAYECOC}. Please refer to {BTRR01DADES} for the 1-Day Repurchase Market Rate that is updated daily. Bank of Thailand switched the benchmark from 14days to 1Day rate on Jan 17,2007. Currently 1Day rate is used as the intermediate target under the pursued inflation targeting monetary policy framework. The Monetary Policy Committe (MPC) Meeting is scheduled announcement once every six weeks.