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. 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 June of 2022.

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 1.25 percent in 2023, according to our econometric models.

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Thailand Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-09 07:00 AM 0.5% 0.5% 0.5% 0.5%
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 0.5%
2022-09-28 07:00 AM
2022-11-30 07:00 AM


Related Last Previous Unit Reference
Interest Rate 0.50 0.50 percent Jun 2022
Interbank Rate 0.72 0.72 percent Jun 2022
Money Supply M0 2058949.00 2051527.00 THB Million Apr 2022
Money Supply M1 2919.40 2946.20 THB Billion Apr 2022
Money Supply M3 24612.70 24559.54 THB Billion Apr 2022
Foreign Exchange Reserves 229997.87 228574.51 USD Million May 2022
Banks Balance Sheet 23193436.00 22943186.00 THB Million Apr 2022
Loans to Private Sector 4817875.00 4804718.00 THB Million Apr 2022
Central Bank Balance Sheet 9359157.00 9543897.00 THB Million Apr 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
0.50 0.50 5.00 0.50 2000 - 2022 percent Daily

News Stream
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
Thailand Leaves Monetary Policy Unchanged
The Bank of Thailand unanimously maintained its key interest rate at a record low of 0.5% during its February meeting, in line with market consensus, saying the continued accommodative monetary policy would help support the economic recovery. The board noted that the Thailand economy in 2021 would grow faster than previously projected, and the momentum would continue into 2022 on higher exports, as well as the rising number of foreign tourist arrivals. However, the recovery would remain fragile and uneven across sectors, especially in tourism. Headline inflation in 2022 would be higher than previously assessed and could exceed the target range in the early part of the year, amid rising energy and raw food products. Regarding the Omicron, the board said the virus would exert limited pressure on the public health system. The Committee reiterated it would stand ready to use appropriate monetary policy tools if needed while keeping its eyes on key factors affecting the economic outlook.
2022-02-09