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.


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Thailand Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.25 5.00 1.25 2000 - 2019 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-08-07 07:05 AM 1.5% 1.75% 1.75% 1.75%
2019-09-25 07:05 AM 1.5% 1.5% 1.5% 1.5%
2019-11-06 07:05 AM 1.25% 1.5% 1.5% 1.25%
2019-12-18 07:05 AM 1.25% 1.25% 1.25% 1.25%
2020-02-05 07:05 AM 1.25% 1.25%


News Stream
2019-11-06
Thailand Unexpectedly Cuts Interest Rate to 1.25%
The Bank of Thailand lowered its policy rate by 25 bps to 1.25 percent during its November meeting, bringing the rate to its lowest since 2009, saying that a more accommodative monetary policy stance would contribute to economic growth and support the rise in headline inflation toward target. The bank also announced it will ease rules on outflows in an attempt to curb a stronger currency. Looking ahead, the Committee will continue to closely monitor development of economic growth, inflation, and financial stability, together with risks, especially impacts of trade tensions in deliberating appropriate monetary policy going forward.

2019-09-25
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand left its policy rate unchanged at 1.5 percent on its September 25th 2019 meeting, as widely expected. The move follows a 25bps cut in the previous meeting. Policymakers noted that the annual inflation rate fell to 0.52% in August from 1% in July, amid a slowdown in cost of food, and was projected to be below the lower bound of the target range due to weaker-than-expected energy prices and the global economic slowdown and it is projected to increase toward the target in 2020. The Committee added that the economy is expected to grow at a softer rate than previously assessed due to a fall in exports which affected domestic demand. Policymakers said that they will continue to monitor developments of economic growth, inflation, and financial stability, together with associated risks, namely trade tensions, and will stand ready to use policy tools as appropriate.

2019-08-07
Thailand Unexpectedly Cuts Interest Rate to 1.50%
The Bank of Thailand slashed its policy rate by 25 bps to 1.50 percent on its August 7th 2019 meeting, for the first time since 2015, surprising markets who expected it to be left steady at 1.75 percent. Policymakers voiced concerns about the strength of the baht and underscored that a more accommodative monetary policy stance would contribute to boost the economy and support the rise of headline inflation toward target. The bank added that will continue to closely monitor developments of economic growth, inflation, and financial stability, together with associated risks, especially impacts of trade tensions.

2019-06-26
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand held its policy rate at 1.75 percent on its June 26th 2019 meeting, as widely expected. Policymakers said that the current accommodating monetary policy stance remains appropriate for economic growth given the inflation target. The Committee slashed its 2019 economic growth outlook to 3.3 percent from a preliminary 3.8 percent while unrevised its inflation forecasts (1 percent for 2019) and projected that exports will be flat. Policymakers added that they will continue to monitor developments on economic growth, inflation, and financial stability, together with associated risks, namely trade tensions.

2019-05-08
Thailand Holds Policy Rate at 1.75%
The Bank of Thailand left its policy rate unchanged at 1.75 percent on its May 5th 2019 meeting, as widely expected. Policymakers said that the current accommodating monetary policy stance remains appropriate and would continue to monitor developments of economic growth, inflation, financial stability, and risks associated with it. The Committee noted that the economy is growing at a softer pace than expected and inflation is expected to be around the lower bound of the target range. The annual inflation rate fell slightly to 1.23 percent in April from 1.24 percent in March, amid a slowdown in cost of food and non-alcoholic beverages and housing.

2019-03-20
Thailand Leaves Interest Rate Steady as Expected
The Bank of Thailand kept the policy rate at 1.75 percent on March 2019 meeting, as widely expected. The Committee 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 Bank revised its economic growth forecast to 3.8 percent from 4.0 percent while inflation was 1 percent, unchanged from seen three months ago.


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.

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.25 1.25 5.00 1.25 percent [+]
Interbank Rate 1.37 1.37 5.41 1.35 percent [+]
Money Supply M0 1535276.00 1501815.00 1535276.00 280977.00 THB Million [+]
Money Supply M1 2158.40 2117.90 2158.40 365.90 THB Billion [+]
Money Supply M3 20707.95 20596.16 20707.95 5077.80 THB Billion [+]
Banks Balance Sheet 19964156.00 19829038.00 19964156.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 227500.00 223000.00 227500.00 326.00 USD Million [+]
Loans to Private Sector 4132481.00 4170248.00 4236753.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.29 1.29 13.67 1.02 percent [+]
Central Bank Balance Sheet 7605838.00 7553839.00 7816961.00 2103522.00 THB Million [+]