The Bank of Thailand held its benchmark interest rate at a record-low level of 0.5 percent during its August meeting, aiming to support the economy amid its worst pandemic crisis to date. Policymakers said there were significant downside risks to the economic growth outlook, and said fiscal measures would be more helpful than cutting the central bank's key rate. source: Bank of Thailand

Interest Rate in Thailand averaged 2.04 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 September 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. In the long-term, the Thailand Interest Rate is projected to trend around 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 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-03-24 07:05 AM 0.5% 0.5% 0.5% 0.5%
2021-05-05 07:00 AM 0.5% 0.5% 0.5% 0.5%
2021-06-23 07:05 AM 0.5% 0.5% 0.5% 0.5%
2021-08-04 07:05 AM 0.5% 0.5% 0.5% 0.5%
2021-09-29 07:05 AM 0.5% 0.5%
2021-11-10 07:05 AM
2021-12-22 07:05 AM


News Stream
Bank of Thailand Holds Rates at Record Lows
The Bank of Thailand held its benchmark interest rate at a record-low level of 0.5 percent during its August meeting, aiming to support the economy amid its worst pandemic crisis to date. Policymakers said there were significant downside risks to the economic growth outlook, and said fiscal measures would be more helpful than cutting the central bank's key rate.
2021-08-04
Thailand Keeps Rates Steady, Cuts Growth Forecasts
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.
2021-06-23
Thailand Holds Key Rate Amid New Virus Wave
The central bank of Thailand left the key interest rate unchanged at an all-time low of 0.5 percent on May 5th, 2021 in line with market expectations. The monetary policy committee explained the interest rate was kept on hold to preserve room for maneuver amid a worsening epidemiological context. The central bank said the Thai economy could advance 2 percent in 2021 and receive 1.2 million foreign tourists, if 100 million vaccine doses were distributed, but economic output growth could be capped at just 1 percent if the vaccines rollout reached less than 64.6 million doses, slower than current estimates from the Bank of Thailand of 3 percent. In the worst case scenario, policymakers said foreign tourists could be as low as 800 thousand, compared to prior estimates from the central bank of 3 million and 40 million foreign arrivals in 2019. The central bank confirmed the monetary policy stance will remain accommodative to support economic activity.
2021-05-05
Thailand Leaves Rates Steady, Cuts Growth Outlook
The central bank of Thailand left the key interest rate on hold at a record low of 0.5 percent on March 24th, 2021 in line with forecasts. Policymakers noted that the Thai economy continued to expand, but downside risks and uncertainties surrounding the economic outlook remained high. As a result, the economy would thus need support from the continued low policy rate and the central bank would stand ready to use additional monetary policy tools if necessary. The Bank of Thailand also revised growth forecasts lower. The economy is seen expanding 3% in 2021, compared to an early forecast of 3.2%.
2021-03-24

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.