The Bank of Thailand kept its policy rate at 1.25 percent during its December meeting, as widely expected, after cutting it twice this year to the lowest since 2009. Policymakers said that the current accommodating monetary policy stance would remain appropriate in the period ahead and would continue to support economic growth, financial stability and inflation. For 2019, the central bank lowered its GDP growth forecast to 2.5 percent, from 2.8 percent previously estimated; while exports are expected to slump 3.3 percent, compared to 1 percent decline seen earlier.
Interest Rate in Thailand averaged 2.18 percent from 2000 until 2019, reaching an all time high of 5 percent in June of 2006 and a record low of 1.25 percent in June of 2003. This page provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Bank of Thailand
Interest Rate in Thailand is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Thailand to stand at 1.50 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 1.75 percent in 2020, according to our econometric models.