The central bank of Thailand raised its key interest rate by 25 bps to 1.50% during its January 2023 meeting, confirming market expectations and pushing borrowing costs to its highest since mid-2019, as the committee takes into account economic growth and inflation outlook. The Thai economy is projected to gain traction, supported by continued recovery in tourism and private consumption, as China reopened its borders. Meanwhile, the headline inflation is expected to decrease, as supply-side inflationary pressures eased, along with the slowdown in global energy and commodity prices. However, the recovery in tourism could push demand-side inflationary pressures, therefore the central bank will continue to monitor risks to inflation. Moreover, the core inflation is projected to remain at a high level for some time before gradually declining. source: Bank of Thailand
Interest Rate in Thailand averaged 1.94 percent from 2000 until 2023, 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 February of 2023.
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 1.25 percent in 2024, according to our econometric models.