The Bank of Thailand raised its key interest rate by 0.25 bps to 0.75% during its August meeting, marking the first hike in nearly four years and mostly in line with market consensus, saying that headline inflation is likely to stay at a higher level in 2022. The annual inflation rate in Thailand unexpectedly edged down to 7.61% in July 2022 from June's near 14-year high of 7.66%. At the same time, the central bank assessed that the Thai economic recovery gained momentum, mainly driven by a larger-than-expected increase in foreign tourists. source: Bank of Thailand

Interest Rate in Thailand averaged 1.97 percent from 2000 until 2022, 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 August of 2022.

Interest Rate in Thailand is expected to be 1.00 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 2023, according to our econometric models.

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Thailand Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-30 07:00 AM 0.5% 0.5% 0.5% 0.5%
2022-06-08 07:00 AM 0.5% 0.5% 0.5% 0.5%
2022-08-10 07:00 AM 0.75% 0.5% 0.75% 0.75%
2022-09-28 07:00 AM 0.75%
2022-11-30 07:00 AM


Related Last Previous Unit Reference
Interest Rate 0.75 0.50 percent Aug 2022
Interbank Rate 0.91 0.91 percent Aug 2022
Money Supply M1 2865.60 2931.20 THB Billion Jun 2022
Money Supply M0 2020669.00 2028115.00 THB Million Jun 2022
Money Supply M3 24534.78 24623.13 THB Billion Jun 2022
Foreign Exchange Reserves 220019.14 222292.50 USD Million Jul 2022
Banks Balance Sheet 23424045.00 23309090.00 THB Million Jun 2022
Loans to Private Sector 4800723.00 4812880.00 THB Million Jun 2022
Central Bank Balance Sheet 9075501.00 9364538.00 THB Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.75 0.50 5.00 0.50 2000 - 2022 percent Daily

News Stream
Bank of Thailand Kicks Off Tightening Cycle
The Bank of Thailand raised its key interest rate by 0.25 bps to 0.75% during its August meeting, marking the first hike in nearly four years and mostly in line with market consensus, saying that headline inflation is likely to stay at a higher level in 2022. The annual inflation rate in Thailand unexpectedly edged down to 7.61% in July 2022 from June's near 14-year high of 7.66%. At the same time, the central bank assessed that the Thai economic recovery gained momentum, mainly driven by a larger-than-expected increase in foreign tourists.
2022-08-10
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand unanimously maintained its key interest rate at a record low of 0.5% during its June meeting, in line with market consensus, saying that headline inflation is likely to increase and stay at a higher level longer than previously estimated. The annual inflation rate in Thailand surged to 7.10 percent in May 2022 from 4.65 percent in the prior month, the highest since July 2008. The committee projected inflation in 2022 and 2023 at 6.2 and 2.5 percent, respectively, with inflation likely to exceed the target range throughout 2022. At the same time, the central bank assessed that the Thai economy will expand in 2022 and 2023 at 3.3 and 4.2 percent, respectively, due to a better-than-expected recovery in private consumption, especially in the service sector.
2022-06-08
Thailand Interest Rate Unchanged at Record Low
The Bank of Thailand unanimously decided to leave its key interest rate at a record low of 0.5% at its March meeting, as expected, as the economic recovery remained fragile amid a slow recovery in global tourism and soaring coronavirus infections in the country. The monetary policy committee assessed that the average inflation rate will exceed target at 4.9% in 2022 before returning to the settling lower at 1.7% in 2023, while the economic recovery wouldn’t be affected by the sanctions against Russia. Thus, GDP is seen rising 3.2% this year and 4.4% in the following, supported by growing domestic demand and tourism, however, material shortages and higher cost of living could dampen growth. The committee stressed that it will continue to put emphasis on supporting the economic recovery but will closely monitor key factors affecting the inflation outlook.
2022-03-30