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%). source: Bank of Thailand
Interest Rate in Thailand averaged 1.94 percent from 2000 until 2022, 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 December of 2022.
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 2.00 percent in 2023 and 1.25 percent in 2024, according to our econometric models.