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.

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Thailand Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-10 07:00 AM 0.75% 0.5% 0.75% 0.75%
2022-09-28 07:00 AM 1% 0.75% 1% 1%
2022-11-30 07:00 AM 1.25% 1% 1.25% 1.25%


Related Last Previous Unit Reference
Interest Rate 1.25 1.00 percent Nov 2022
Interbank Rate 1.40 1.41 percent Dec 2022
Money Supply M1 2907.80 2915.30 THB Billion Oct 2022
Money Supply M0 2039.92 2025.85 THB Billion Oct 2022
Money Supply M3 24717.88 24570.17 THB Billion Oct 2022
Foreign Exchange Reserves 201906.85 199444.55 USD Million Oct 2022
Banks Balance Sheet 23983240.00 23755339.00 THB Million Sep 2022
Loans to Private Sector 4827399.00 4822833.00 THB Million Sep 2022
Central Bank Balance Sheet 8999606.00 8939506.00 THB Million Oct 2022

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
1.25 1.00 5.00 0.50 2000 - 2022 percent Daily

News Stream
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
Bank of Thailand Kicks Off Tightening Cycle
The Bank of Thailand raised its key interest rate by 0.25 bps to 0.75% during its August meeting, marking the first hike in nearly four years and mostly in line with market consensus, saying that headline inflation is likely to stay at a higher level in 2022. The annual inflation rate in Thailand unexpectedly edged down to 7.61% in July 2022 from June's near 14-year high of 7.66%. At the same time, the central bank assessed that the Thai economic recovery gained momentum, mainly driven by a larger-than-expected increase in foreign tourists.
2022-08-10