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.