Thailand Interest Rate 2000-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Thailand was last recorded at 1.50 percent. Interest Rate in Thailand averaged 2.43 percent from 2000 until 2015, reaching an all time high of 5 percent in June of 2006 and a record low of 1.25 percent in June of 2003. Interest Rate in Thailand is reported by the Bank of Thailand.

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Thailand Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.75 5.00 1.25 2000 - 2015 percent Daily
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. This page provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Thailand Interest Rate - was last refreshed on Saturday, May 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-01-28 07:22 AM 2% 2% 2% 2%
2015-03-11 07:30 AM 1.75% 2% 2% 2%
2015-04-29 08:15 AM 1.5% 1.75% 1.75% 1.75%
2015-06-10 08:30 AM 1.5% 1.75%
2015-08-05 08:30 AM 1.75%
2015-09-16 08:30 AM 1.75%


Bank of Thailand Surprisingly Cuts Rates


Thailand's central bank lowered the benchmark interest rate for the second straight meeting by 25 bps to 1.50 percent on April 29th amid low growth and falling inflation.

The decision was voted by five out of seven members of the committee. 

Statement by the Bank of Thailand:

The Thai economy is projected to recover at a slower pace than assessed in the previous meeting. The pickup in public investment and positive trend in tourism should help shore up the economy, but could not fully offset the weaker-than expected exports of goods and private consumption in the first quarter of 2015. Furthermore, looking ahead, exports of goods are subject to higher downside risks from the slowdown in China, shifting global and regional trade structure as Thailand’s major trading partners rely less on imports, and pressure from recent Thai baht appreciation. The contraction in exports could weigh down private investment and consumption through reduced purchasing power and weaker private confidence.

Inflationary pressure continues to decline broadly in line with softer-than-expected domestic demand. Meanwhile, cost of production, particularly oil price, remains low. This development increases the risks of prolonged negative headline inflation and inflation expectation trending downward.

In deliberating monetary policy, most members deemed that monetary policy should be eased further in order to add more support to the economic recovery amid higher downside risks, as well as to anchor inflation expectations at an appropriate level. Two members, however, voted to keep the policy rate unchanged, judging that previous monetary policy actions have contributed to continuing accommodative monetary conditions while the policy space for additional easing is limited. In their view, a recent pickup in fiscal stimulus should help buoy the economy to a certain degree; therefore, the policy rate should maintained, awaiting clearer assessment of the impact of the policy mix on the economy and financial stability.

Going forward, the committee will conduct monetary policy to ensure that monetary conditions are sufficiently accommodative for a continued recovery. The committee will monitor Thailand’s economic and financial developments, and stand ready to utilize an appropriate mix of available policy tools.

Bank of Thailand l Joana Ferreira l joana.ferreira@tradingeconomics.com
4/29/2015 9:14:53 AM


Recent Releases

Bank of Thailand Cuts Policy Rate to 1.75%
Thailand's central bank surprisingly decided to cut the benchmark rate by 25 bps to 1.75 percent on March, 11th meeting, the first time since March of 2014, mainly due to a weaker-than-expected outlook of the economy and slow effects of the government's fiscal stimulus. Published on 2015-03-11

Thailand Leaves Policy Rate Unchanged in January
Thailand's central bank kept the policy rate unchanged at 2 percent on January 28th, as current policy stance is considered to be sufficiently supportive of the economic recovery, helping to contain risks associated with a prolonged period of low interest. Published on 2015-01-28


Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.75 5.00 1.25 percent [+]
Money Supply M0 1159561.00 1197287.00 1200492.00 280977.00 THB Million [+]
Money Supply M1 1664.40 1672.70 1682.60 365.90 THB Billion [+]
Money Supply M3 17174.53 17111.20 17174.53 5077.80 THB Billion [+]
Foreign Exchange Reserves 161103.29 156319.19 189883.65 326.00 USD Million [+]
Loans to Private Sector 3582962.00 3574804.00 3582962.00 1701089.00 THB Million [+]
Banks Balance Sheet 16909461.00 16720219.00 16909461.00 14874369.00 THB Million [+]
Central Bank Balance Sheet 5811778.00 5781205.00 6251360.00 2103522.00 THB Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 May/15 2.25 17.50 2.00 percent [+]
Brazil 13.25 Apr/15 12.75 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 5.10 May/15 5.35 10.98 5.10 percent [+]
Euro Area 0.05 Apr/15 0.05 4.75 0.05 percent [+]
France 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Apr/15 0.05 4.75 0.05 percent [+]
India 7.50 Apr/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 May/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Japan 0.00 May/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Apr/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Russia 12.50 Apr/15 14.00 17.00 5.00 percent [+]
South Korea 1.75 May/15 1.75 5.25 1.75 percent [+]
Spain 0.05 Apr/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Apr/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 May/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 May/15 0.50 17.00 0.50 percent [+]
United States 0.25 Apr/15 0.25 20.00 0.25 percent [+]