Thailand Interest Rate  2000-2016 | Data | Chart | Calendar | Forecast

Thailand's central bank unanimously keeps its policy rate unchanged at 1.5 percent at its March 23rd meeting, as expected. While judging the economy would probably expand at a slower pace, policymakers viewed monetary policy should remain accommodative and the policy space should be preserved. Interest Rate in Thailand averaged 2.38 percent from 2000 until 2016, 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.

Thailand Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 5.00 1.25 2000 - 2016 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. Thailand Interest Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-16 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-02-03 07:17 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-03-23 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-05-11 07:30 AM Interest Rate Decision 1.5% 1.5%
2016-06-22 07:15 AM Interest Rate Decision 1.5%
2016-08-03 07:10 AM Interest Rate Decision 1.75%

Thailand Monetary Policy Leaves Unchanged


Thailand's central bank unanimously keeps its policy rate unchanged at 1.5 percent at its March 23rd meeting, as expected. While judging the economy would probably expand at a slower pace, policymakers viewed monetary policy should remain accommodative and the policy space should be preserved.

Statement by the Bank of Thailand:


The Thai economy continued to gradually recover on the back of public expenditure, tourism, and expansion in investment of certain businesses. However, the overall economic momentum slowed, following dissipation of the effect of the government’s tax rebate measure around the end of last year and of the accelerated car purchase prior to the increase in vehicle excise tax this year. Meanwhile, merchandise export value contracted markedly and looked to recover slowly due to a slowdown in major trading partners’ economies, shifting global trade structure, and Thailand’s declining export competitiveness. Therefore, the economic growth forecast was revised down from the assessment at the previous meeting. In addition, risks to growth might arise from a fragile recovery of the global economy and monetary policy divergence among advanced economies, which could influence capital flows and exchange rate movements, and had already caused the baht to strengthen during some recent periods, which might not be as conducive to the economic
recovery as it could be.

Headline inflation continued to stay in the negative territory due to a fall in global oil prices around the end of 2015. As a result, inflationary pressure remained low. Core inflation slowed once excluding the one-off rise in tobacco and vehicle excise taxes, reflecting lower demand-side support. Inflationary risks hence skewed more towards the downside. Meanwhile, risks to financial stability from search-for-yield behavior continued to warrant close monitoring.

In deliberating monetary policy, the Committee judged that the Thai economy would probably expand at a lower rate than previously assessed. However, monetary conditions remained accommodative, and the policy space should be preserved. Therefore, the policy rate should be kept on hold at this meeting. The Committee will continue to monitor economic and financial developments closely, and stand ready to utilize an appropriate mix of available policy tools in order to support the economic recovery, while ensuring financial stability.

Bank of Thailand l Rida Husna | rida@tradingeconomics.com
3/23/2016 10:22:54 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1232821.00 1237055.00 1254905.00 280977.00 THB Million [+]
Money Supply M1 1748.60 1750.00 1781.70 365.90 THB Billion [+]
Money Supply M3 17830.60 17748.25 17830.60 5077.80 THB Billion [+]
Banks Balance Sheet 17492815.00 17421225.00 17492815.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 175073.29 167700.00 189883.65 326.00 USD Million [+]
Loans to Private Sector 3752628.00 3752786.00 3752786.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.40 2.88 13.67 1.00 percent [+]
Central Bank Balance Sheet 6999355.00 6840659.00 6999355.00 2103522.00 THB Million [+]
Interbank Rate 1.60 1.60 5.41 1.20 percent [+]




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