The central bank of Thailand left the key interest rate unchanged at an all-time low of 0.5 percent on May 5th, 2021 in line with market expectations. The monetary policy committee explained the interest rate was kept on hold to preserve room for maneuver amid a worsening epidemiological context. The central bank said the Thai economy could advance 2 percent in 2021 and receive 1.2 million foreign tourists, if 100 million vaccine doses were distributed, but economic output growth could be capped at just 1 percent if the vaccines rollout reached less than 64.6 million doses, slower than current estimates from the Bank of Thailand of 3 percent. In the worst case scenario, policymakers said foreign tourists could be as low as 800 thousand, compared to prior estimates from the central bank of 3 million and 40 million foreign arrivals in 2019. The central bank confirmed the monetary policy stance will remain accommodative to support economic activity. source: Bank of Thailand

Interest Rate in Thailand averaged 2.05 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 June 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 1.00 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
2020-12-23 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% 0.5% 0.5%
2021-05-05 07:00 AM 0.5% 0.5% 0.5% 0.5%
2021-06-23 07:05 AM 0.5%
2021-08-04 07:05 AM
2021-09-29 07:05 AM
2021-11-10 07:05 AM


News Stream
Thailand Holds Key Rate Amid New Virus Wave
The central bank of Thailand left the key interest rate unchanged at an all-time low of 0.5 percent on May 5th, 2021 in line with market expectations. The monetary policy committee explained the interest rate was kept on hold to preserve room for maneuver amid a worsening epidemiological context. The central bank said the Thai economy could advance 2 percent in 2021 and receive 1.2 million foreign tourists, if 100 million vaccine doses were distributed, but economic output growth could be capped at just 1 percent if the vaccines rollout reached less than 64.6 million doses, slower than current estimates from the Bank of Thailand of 3 percent. In the worst case scenario, policymakers said foreign tourists could be as low as 800 thousand, compared to prior estimates from the central bank of 3 million and 40 million foreign arrivals in 2019. The central bank confirmed the monetary policy stance will remain accommodative to support economic activity.
2021-05-05
Thailand Leaves Rates Steady, Cuts Growth Outlook
The central bank of Thailand left the key interest rate on hold at a record low of 0.5 percent on March 24th, 2021 in line with forecasts. Policymakers noted that the Thai economy continued to expand, but downside risks and uncertainties surrounding the economic outlook remained high. As a result, the economy would thus need support from the continued low policy rate and the central bank would stand ready to use additional monetary policy tools if necessary. The Bank of Thailand also revised growth forecasts lower. The economy is seen expanding 3% in 2021, compared to an early forecast of 3.2%.
2021-03-24
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 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.