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.