The Bank of Thailand left its key policy rate unchanged at an all-time low of 0.5 percent on September 23rd 2020, as widely expected. Policymakers upgraded its 2020 GDP outlook and now expect the economy to shrink 7.8 percent this year compared to an 8.1 percent drop earlier estimated. However, the 2021 expansion was revised lower to 3.6 percent from 5 percent. Consumer prices are expected to fall at a slower 0.9 percent in 2020 (vs -1.7 percent in the earlier estimate) and to rise ata faster 1 percent in 2121 (vs 0.9 percent). The central bank also said it remained ready to use appropriate monetary policy tools if necessary and that fiscal policy should play a major role in helping the economy.
Interest Rate in Thailand averaged 2.12 percent from 2000 until 2020, reaching an all time high of 5 percent in June of 2006 and a record low of 0.50 percent in May of 2020. This page provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Bank of Thailand
Interest Rate in Thailand is expected to be 0.50 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 0.25 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 0.75 percent in 2021 and 1.50 percent in 2022, according to our econometric models.