The Bank of Thailand (BOT) was first set up as the Thai National Banking Bureau. The Bank of Thailand Act was promulgated in April of 1942 vesting upon the Bank of Thailand the responsibility for all central banking functions. To enhance transparency and reliability of the Bangkok Interbank Offered Rate (BIBOR), the BOT has implemented a code of conduct for BIBOR contributors which suggests that BIBOR be quoted based on transaction data.
BIBOR (Bangkok Interbank Offered Rate) rates are determined from information that is available during 10.00-11.00 AM (Bangkok time) in each working day. BIBOR are the rates at which contributing banks offer to lend THB funds to prime banks, in reasonable market size, on an unsecured basis in the Bangkok interbank market, just prior to 11 AM.
Key Features and Coverage on RIMES
For this data source, RIMES hosts the Headline Consumer Price Index of Thailand, along with 7 reference rates; including Thailand Bangkok Interbank Offered Rate 1 Month, 1 Week, 2 Months, 3 Months, 6 Months, and Over Night.
Some of the data items available include:
- Description, Series Value, Database Source, Database Symbol, etc.