The Bank of Thailand left its key policy rate steady at a record low of 0.5 percent for the 5th straight meeting on December 23rd 2020, as widely expected. Policymakers said the decision aims to preserve the limited policy space and support the economic recovery. The central bank added that the Thai economy continued to recover but downside risks and uncertainties remained high and the economy would thus need support from the continued low policy rate. The central bank also lowered its 2021 growth forecasts to 3.2% from an earlier 3.6%. In contrast, it sees a 6.6% drop in 2020, less than an earlier 7.8% decline. source: Bank of Thailand
Interest Rate in Thailand averaged 2.10 percent from 2000 until 2020, 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 December of 2020.
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 0.50 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.