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.