The Bank of Thailand held its policy rate at 0.75 percent during its March meeting, defying market forecasts that suggested a fresh 25bps rate cut as the Convid-19 crisis escalates. Policymakers slashed interest rates by 25bps at an emergency meeting on March 20th, in an attempt to combat the impact of the pandemic on the economic outlook and domestic financial markets. Meanwhile, policymakers expect the Thai economy to shrink 5.3 percent in 2020, which would be the first contraction since the global financial crisis in 2009.
Interest Rate in Thailand averaged 2.16 percent from 2000 until 2020, reaching an all time high of 5 percent in June of 2006 and a record low of 0.75 percent in March 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 April of 2020. source: Bank of Thailand
Interest Rate in Thailand is expected to be 0.75 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 0.25 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 0.75 percent in 2021 and 1.50 percent in 2022, according to our econometric models.