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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Thailand Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.75 1.00 5.00 0.75 2000 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-06 07:05 AM 1.25% 1.5% 1.5% 1.25%
2019-12-18 07:05 AM 1.25% 1.25% 1.25% 1.25%
2020-02-05 07:05 AM 1% 1.25% 1.25% 1.25%
2020-03-25 07:05 AM 0.75% 1% 0.5% 0.5%
2020-05-20 07:05 AM 0.75% 0.25%
2020-06-24 07:05 AM 0.25%
2020-08-05 07:05 AM 0.25%
2020-09-23 07:05 AM 0.25%


News Stream
Thailand Unexpectedly Holds Rates
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.
2020-03-25
Thailand Unexpectedly Cuts Interest Rate to 1%
The Bank of Thailand unexpectedly lowered its policy rate by 25 bps to 1 percent during its February meeting, bringing the rate to its lowest since the series began in May 2000. Policymakers said that a more accommodative monetary policy stance would alleviate the negative impacts and would continue to support economic growth, financial stability and inflation. The committee said the economy would expand at a slower pace in 2020 than previously forecasted and much further below its potential due to the outbreak of coronavirus, the delay enactment of the Annual Budget Expenditure Act, and drought. Looking ahead, the Committee would monitor developments of economic growth, inflation, and financial stability, together with associated risks, especially the coronavirus outbreak and the delayed enactment of the annual budget.
2020-02-05
Thailand Leaves Rates Unchanged, Cuts GDP Forecasts
The Bank of Thailand kept its policy rate at 1.25 percent during its December meeting, as widely expected, after cutting it twice this year to the lowest since 2009. Policymakers said that the current accommodating monetary policy stance would remain appropriate in the period ahead and would continue to support economic growth, financial stability and inflation. For 2019, the central bank lowered its GDP growth forecast to 2.5 percent, from 2.8 percent previously estimated; while exports are expected to slump 3.3 percent, compared to 1 percent decline seen earlier.
2019-12-18
Thailand Unexpectedly Cuts Interest Rate to 1.25%
The Bank of Thailand lowered its policy rate by 25 bps to 1.25 percent during its November meeting, bringing the rate to its lowest since 2009, saying that a more accommodative monetary policy stance would contribute to economic growth and support the rise in headline inflation toward target. The bank also announced it will ease rules on outflows in an attempt to curb a stronger currency. Looking ahead, the Committee will continue to closely monitor development of economic growth, inflation, and financial stability, together with risks, especially impacts of trade tensions in deliberating appropriate monetary policy going forward.
2019-11-06

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.