Thailand Interest Rate 2000-2014 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Thailand was last recorded at 2 percent. Interest Rate in Thailand averaged 2.46 Percent from 2000 until 2014, 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.

      Forecast    
Thailand Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 5.00 1.25 2000 - 2014 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 Sunday, December 21, 2014.


Thailand Monetary Policy Unchanged in December


Thailand's central bank decided to leave the policy rate unchanged at 2 percent in December, as current monetary policy stance is considered sufficiently accommodative and consistent with long-term financial stability objective.

The decision was voted by five out of seven members of the committee. The dissenting voices noted that against the backdrop of higher downside risks to global growth and low inflationary pressure, monetary policy should be eased in order to add more support to the weaker-than-expected recovery.

Statement by the Bank of Thailand:

In the third quarter of 2014, the Thai economy expanded slowly as expected, with domestic private spending being the main growth driver. In 2015, the economy should continue to recover, albeit at a rate lower than formerly assessed. A less-than-expected government spending weighs on private investment as most businesses await the implementation of public investment plans. In addition, a recovery in exports of goods is subject to the more uncertain global economic outlook. Nevertheless, tourism is expected to turn more positive, but remains somewhat below the normal level.

Headline inflation trended downward due to energy prices, and is projected to remain subdued for some periods ahead, in line with global oil prices. Core inflation slightly decelerated in tandem with lower demand pressure as a result of slow economic recovery. Meanwhile, risks to financial stability from a period of low interest rates are contained.

In deliberating monetary policy, most members judged that the current policy stance remains sufficiently accommodative given a steady path of economic recovery in 2015, and is consistent with long-term financial stability objective. 
 
Going forward, members agreed that monetary policy should remain accommodative in order to reinforce the momentum of economic recovery. Another important factor would be for the government to ensure that the disbursement of public spending goes as planned.

Bank of Thailand l Rida l rida@tradingeconomics.com
12/17/2014 12:15:00 PM


Recent Releases

Thailand Leaves Monetary Policy Unchanged in November
Thailand's central bank decided on November 5th to keep the policy rate unchanged at 2 percent, as current monetary policy stance is considered to be sufficiently accommodative and does not hinder the ongoing recovery. Published on 2014-11-05

Thailand Holds Key Rate at 2%
At its September 17th meeting, Thailand's central bank decided to leave the policy rate unchanged at 2 percent, as the current policy stance does not pose risks to financial stability. Published on 2014-09-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-17 08:30 AM
Interest Rate Decision 
2.0% 2.0% 2.0% 2%
2014-11-05 07:30 AM
Interest Rate Decision 
2.0% 2.0% 2.0% 2%
2014-12-17 07:30 AM
Interest Rate Decision 
2% 2.0% 2% 2%
2015-01-28 07:30 AM
Interest Rate Decision 
2% 2%
2015-03-11 07:30 AM
Interest Rate Decision 
2%
2015-04-29 08:30 AM
Interest Rate Decision 
2%


Thailand Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 5.00 1.25 percent [+]
Money Supply M0 1109331.00 1098081.00 1198136.00 280977.00 THB Million [+]
Money Supply M1 1570.00 1565.70 1662.30 365.90 THB Billion [+]
Money Supply M3 16315.52 16202.17 16315.52 5077.80 THB Billion [+]
Foreign Exchange Reserves 158543.78 160606.73 189883.65 326.00 USD Million [+]
Loans to Private Sector 3501804.00 3489393.00 3564261.00 1701089.00 THB Million [+]
Banks Balance Sheet 16495950.00 16307871.00 16495950.00 14874369.00 THB Million [+]
Central Bank Balance Sheet 5879763.00 5872745.00 6251360.00 2103522.00 THB Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]