The Bank of Thailand left its key policy rate steady at a record low of 0.5 percent for the 6th straight meeting on February 3rd 2021, as widely expected. Last year, the central bank cut the rate three times to support the coronavirus-hit economy. In December, policymakers cut their GDP outlook for this year to 3.2 percent. The central bank assessed that, while the new wave of the COVID-19 outbreak and the containment measures would affect the Thai economy in the short term, the economic recovery continued to be on track thanks to government measures and export recovery. Nevertheless, uncertainties surrounding the economic outlook remained high with considerable downside risks. The economy would thus need support from the continued low policy rate. source: Bank of Thailand

Interest Rate in Thailand averaged 2.08 percent from 2000 until 2021, 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 March of 2021.

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 0.75 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Thailand Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 5.00 0.50 2000 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-09-23 07:05 AM 0.5% 0.5% 0.5% 0.5%
2020-11-18 07:00 AM 0.5% 0.5% 0.5% 0.5%
2020-12-23 07:05 AM 0.5% 0.5% 0.5% 0.5%
2021-02-03 07:05 AM 0.5% 0.5% 0.5% 0.5%
2021-03-24 07:05 AM 0.5% 0.5%
2021-05-05 07:05 AM
2021-06-23 07:05 AM
2021-08-04 07:05 AM


News Stream
Thailand Keeps Rates Steady
The Bank of Thailand left its key policy rate steady at a record low of 0.5 percent for the 6th straight meeting on February 3rd 2021, as widely expected. Last year, the central bank cut the rate three times to support the coronavirus-hit economy. In December, policymakers cut their GDP outlook for this year to 3.2 percent. The central bank assessed that, while the new wave of the COVID-19 outbreak and the containment measures would affect the Thai economy in the short term, the economic recovery continued to be on track thanks to government measures and export recovery. Nevertheless, uncertainties surrounding the economic outlook remained high with considerable downside risks. The economy would thus need support from the continued low policy rate.
2021-02-03
Thailand Holds Rates, Cuts 2021 Growth Outlook
The Bank of Thailand left its key policy rate steady at a record low of 0.5 percent for the 5th straight meeting on December 23rd 2020, as widely expected. Policymakers said the decision aims to preserve the limited policy space and support the economic recovery. The central bank added that the Thai economy continued to recover but downside risks and uncertainties remained high and the economy would thus need support from the continued low policy rate. The central bank also lowered its 2021 growth forecasts to 3.2% from an earlier 3.6%. In contrast, it sees a 6.6% drop in 2020, less than an earlier 7.8% decline.
2020-12-23
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand held its key policy rate unchanged at a record low of 0.5 percent on November 18th 2020, as widely expected. 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. The Committee added that they will continue to monitor developments of economic growth, inflation, and financial stability, together with various risks, including domestic political uncertainties, and will stand ready to use additional appropriate monetary policy tools if necessary. The central bank has said it expects the economy to contract by a record 7.8 percent this year. It shrank 6.4 percent in the third quarter from a year earlier, after a 12.1 percent contraction in the second quarter.
2020-11-18
Thailand Leaves Rates Steady, Sees Weaker Recession
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.
2020-09-23

Thailand Interest Rate
In Thailand, interest rates decisions are taken by The Bank of Thailand’s Monetary Policy Committee. The main interest rate is the 1-day repurchase rate.