The central bank of Thailand left the key interest rate steady at a record low of 0.5% on June 23rd, 2021, in line with expectations. The central bank also cut the country's GDP growth forecasts to 1.8% this year from 3%, amid significant downside risks to the economic outlook due to the new wave of the outbreak. 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 July 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.