The benchmark interest rate in Thailand was last recorded at 1.50 percent. source: Bank of Thailand

Interest Rate in Thailand averaged 1.94 percent from 2000 until 2023, reaching an all time high of 5.00 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 2023.

Interest Rate in Thailand is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Interest Rate is projected to trend around 1.25 percent in 2024, according to our econometric models.

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Thailand Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-28 07:00 AM Interest Rate Decision 1% 0.75% 1% 1%
2022-11-30 07:00 AM Interest Rate Decision 1.25% 1% 1.25% 1.25%
2023-01-25 07:00 AM Interest Rate Decision 1.5% 1.25% 1.5% 1.5%
2023-03-29 07:00 AM Interest Rate Decision 1.5% 1.5%
2023-05-31 07:00 AM Interest Rate Decision
2023-08-02 07:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Interest Rate 1.50 1.50 percent Feb 2023
Interbank Rate 1.78 1.78 percent Mar 2023
Money Supply M1 2976.20 2972.70 THB Billion Jan 2023
Money Supply M0 2119.17 2110.24 THB Billion Jan 2023
Money Supply M3 25001.01 25004.23 THB Billion Jan 2023
Foreign Exchange Reserves 217430.87 225486.90 USD Million Feb 2023
Banks Balance Sheet 23633612.00 23573634.00 THB Million Jan 2023
Loans to Private Sector 4827401.00 4776220.00 THB Million Dec 2022
Central Bank Balance Sheet 8693771.00 8587376.00 THB Million Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 5.00 0.50 2000 - 2023 percent Daily

News Stream
Thailand Hikes Policy Rate to 3-Year High
The central bank of Thailand raised its key interest rate by 25 bps to 1.50% during its January 2023 meeting, confirming market expectations and pushing borrowing costs to its highest since mid-2019, as the committee takes into account economic growth and inflation outlook. The Thai economy is projected to gain traction, supported by continued recovery in tourism and private consumption, as China reopened its borders. Meanwhile, the headline inflation is expected to decrease, as supply-side inflationary pressures eased, along with the slowdown in global energy and commodity prices. However, the recovery in tourism could push demand-side inflationary pressures, therefore the central bank will continue to monitor risks to inflation. Moreover, the core inflation is projected to remain at a high level for some time before gradually declining.
2023-01-25
Thailand Hikes Policy Rate to Over 2-Year High
The central bank of Thailand raised its key interest rate by 25 bps to 1.25% during its November 2022 meeting, confirming market consensus and pushing borrowing costs to the highest since early 2020, as the committee takes into account projections of higher inflation due to rising domestic energy prices. Policymakers' assessment of 2022 inflation remained at 6.3%, but increased to 3.0% for the next year (vs 2.6% in the September projection). Meanwhile, the GDP growth forecast for 2022 revised slightly lower to 3.2% (vs 3.3%) and for 2023 at 3.7% (vs 3.8%).
2022-11-30
Bank of Thailand Hikes Rates for 2nd Meeting
The central bank of Thailand raised its key interest rate by 25 bps to 1% during its September 2022 meeting, a second consecutive rate hike of a quarter basis point, pushing borrowing costs to the highest since early 2020, in an attempt to tame inflation and support growth. The decision came in line with market forecasts. Meanwhile, policymakers left their GDP growth forecasts for 2022 unchanged at 3.3% but lowered to 2.8% for 2023 (vs 3.2% seen in June). On the inflation front, both forecasts for this year (6.3% vs 6.2%) and next year (2.6% vs 2.5%) were revised higher.
2022-09-28