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.

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Thailand Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 5.00 0.50 2000 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-08-05 07:05 AM 0.5% 0.5% 0.5% 0.5%
2020-09-23 07:05 AM 0.5% 0.5% 0.5% 0.5%
2020-11-18 07:00 AM 0.5% 0.5% 0.5% 0.5%
2020-12-23 07:05 AM 0.5% 0.5% 0.5% 0.5%


News Stream
Thailand Holds Rates, Cuts 2021 Growth Outlook
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.
2020-12-23
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand held its key policy rate unchanged at a record low of 0.5 percent on November 18th 2020, as widely expected. 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. The Committee added that they will continue to monitor developments of economic growth, inflation, and financial stability, together with various risks, including domestic political uncertainties, and will stand ready to use additional appropriate monetary policy tools if necessary. The central bank has said it expects the economy to contract by a record 7.8 percent this year. It shrank 6.4 percent in the third quarter from a year earlier, after a 12.1 percent contraction in the second quarter.
2020-11-18
Thailand Leaves Rates Steady, Sees Weaker Recession
The Bank of Thailand left its key policy rate unchanged at an all-time low of 0.5 percent on September 23rd 2020, as widely expected. Policymakers upgraded its 2020 GDP outlook and now expect the economy to shrink 7.8 percent this year compared to an 8.1 percent drop earlier estimated. However, the 2021 expansion was revised lower to 3.6 percent from 5 percent. Consumer prices are expected to fall at a slower 0.9 percent in 2020 (vs -1.7 percent in the earlier estimate) and to rise ata faster 1 percent in 2121 (vs 0.9 percent). The central bank also said it remained ready to use appropriate monetary policy tools if necessary and that fiscal policy should play a major role in helping the economy.
2020-09-23
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand left its key policy rate unchanged at a an all-time low of 0.5 percent on August 5th 2020, as widely expected. Policymakers said that the economy would gradually recover in line with the relaxation of the containment measures. The Committee noted that the extra accommodative monetary policy since the beginning of the year as well as the fiscal, financial, and credit measures additionally announced helped to cushion the impact of the coronavirus crisis and would support the economic recovery. Policymakers projected that the headline inflation would remain negative in 2020, to then rise toward the target in 2021. The Committee added that they will continue to monitor developments of economic growth, inflation, and financial stability, together with associated risks, including external risks and the impact of the outbreak and added that would stand ready to use additional appropriate monetary policy tools if necessary.
2020-08-05

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.