Thailand Interest Rate  2000-2017 | Data | Chart | Calendar | Forecast

The Bank of Thailand unanimously kept its benchmark interest rate unchanged at 1.5 percent at its February meeting, as expected. While saying current policy stance is conducive to the domestic economy, policymakers viewed uncertainties remained, particularly those pertaining to monetary policy directions of major advanced economies. Interest Rate in Thailand averaged 2.31 percent from 2000 until 2017, reaching an all time high of 5 percent in June of 2006 and a record low of 1.25 percent in June of 2003.

Thailand Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-09 07:15 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-12-21 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2017-02-08 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2017-03-29 07:30 AM Interest Rate Decision 1.5% 1.5%
2017-05-24 07:30 AM Interest Rate Decision 1.5%
2017-07-05 07:30 AM Interest Rate Decision 1.5%

Thailand Maintains Key Rate At 1.5% In February

The Bank of Thailand unanimously kept its benchmark interest rate unchanged at 1.5 percent at its February meeting, as expected. While saying current policy stance is conducive to the domestic economy, policymakers viewed uncertainties remained, particularly those pertaining to monetary policy directions of major advanced economies.

Statement by the Bank of Thailand:

The Committee assessed that the Thai economy would recover at a faster pace compared with the previous assessment despite facing uncertainties especially on the external front. Inflation would continue to be on an upward trajectory. Meanwhile, overall financial conditions remained accommodative and conducive to the economic recovery although bond yields increased somewhat. Hence, the Committee decided to keep the policy rate on hold at this meeting.

The Thai economy was projected to expand at a faster pace on the back of a more broad-based recovery in merchandise exports and a faster-than-expected recovery in tourism. At the same time, public expenditure remained an important growth driver, while private consumption and private investment continued to recover at a gradual pace. Nevertheless, the improved growth outlook was still subject to various risk factors that warranted close monitoring going forward. These included the implications of the US economic and foreign trade policies, financial stability concerns in China, political developments in Europe, and problems faced by the European banking sector.

Headline inflation returned to the target band last December and continued trending upward. Core inflation steadied around the previous assessment which reflected low demand-pull inflationary pressure. Meanwhile, the public’s medium-term inflation expectations remained close to the target.

Overall financial conditions remained accommodative and conducive to the economic recovery with ample liquidity in the financial system and low real interest rates. Nevertheless, bond yields increased somewhat due to both domestic and external factors. With regard to the exchange rate movements over the recent period, uncertainties stemming from external developments led to some appreciation of the baht against major trading partners’ currencies, which might not be as beneficial to the ongoing economic recovery as it could under the Committee’s assessment.

The Committee viewed that financial stability remained sound with sufficient cushion against economic and financial volatilities on both domestic and external fronts. However, there remained pockets of risks that warranted close monitoring such as the deterioration in loan quality of some business sectors, defaults of unrated bonds issued by certain companies, and the search-for-yield behavior in the prolonged low interest rate environment which might lead to the underpricing of risks.

Under the Committee’s assessment, the Thai economy started to gain more traction, but uncertainties remained at large, particularly those pertaining to the fragile global economic recovery and to the economic and monetary policy directions of major advanced economies. Meanwhile, demand-pull inflationary pressure remained low. Thus, the Committee viewed that monetary policy should remain accommodative, and would stand ready to utilize an appropriate mix of available policy tools in order to ensure that monetary conditions are conducive to the economic recovery, while ensuring financial stability.

Bank of Thailand l Rida Husna |
2/8/2017 8:00:34 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1322003.00 1335980.00 1335980.00 280977.00 THB Million [+]
Money Supply M1 1858.10 1864.80 1864.80 365.90 THB Billion [+]
Money Supply M3 18311.64 18286.60 18311.64 5077.80 THB Billion [+]
Banks Balance Sheet 17856899.00 17721376.00 17856899.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 183002.14 179161.40 189883.65 326.00 USD Million [+]
Loans to Private Sector 3865567.00 3872805.00 3872805.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.40 2.88 13.67 1.00 percent [+]
Interbank Rate 1.59 1.59 5.41 1.35 percent [+]
Central Bank Balance Sheet 7004303.00 6732874.00 7158097.00 2103522.00 THB Million [+]

Thailand Interest Rate Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 5.00 1.25 2000 - 2017 percent Daily

Ghana 25.50 Feb/17
Argentina 24.75 Mar/17
Malawi 24.00 Feb/17
Mozambique 23.25 Feb/17
Gambia 23.00 Feb/17
Venezuela 20.76 Jan/17
Haiti 20.00 Feb/17
Iran 18.00 Dec/16
Angola 16.00 Feb/17
Afghanistan 15.00 Feb/17
Azerbaijan 15.00 Feb/17
Belarus 15.00 Mar/17
Yemen 15.00 Feb/17
Egypt 14.75 Feb/17
Sudan 14.20 Feb/17
Congo 14.00 Feb/17
Mongolia 14.00 Feb/17
Nigeria 14.00 Mar/17
Ukraine 14.00 Mar/17
Zambia 14.00 Feb/17
Liberia 13.70 Feb/17
Guinea 12.50 Feb/17
Suriname 12.50 Dec/15
Tajikistan 12.50 Feb/17
Seychelles 12.38 Jan/17
Brazil 12.25 Mar/17
Tanzania 12.00 Mar/17
Djibouti 11.60 Dec/15
Uganda 11.50 Feb/17
Kazakhstan 11.00 Feb/17
Sierra Leone 11.00 Feb/17
Zimbabwe 10.68 Dec/16
Kenya 10.00 Feb/17
Lebanon 10.00 Feb/17
Myanmar 10.00 Feb/17
Russia 10.00 Feb/17
Sao Tome and Principe 10.00 Feb/17
Uruguay 9.25 Feb/17
Mauritania 9.00 Feb/17
Moldova 9.00 Feb/17
Uzbekistan 9.00 Feb/17
Madagascar 8.30 Jan/17
Ecuador 8.25 Feb/17
Turkey 8.00 Mar/17
Cape Verde 7.50 Jan/17
Colombia 7.25 Feb/17
Swaziland 7.25 Feb/17
Maldives 7.00 Feb/17
Namibia 7.00 Feb/17
Nepal 7.00 Feb/17
South Africa 7.00 Feb/17
Sri Lanka 7.00 Feb/17
Burundi 6.95 Nov/16
Bangladesh 6.75 Feb/17
Georgia 6.75 Mar/17
Lesotho 6.64 Sep/16
Vietnam 6.50 Feb/17
India 6.25 Feb/17
Mexico 6.25 Feb/17
Papua New Guinea 6.25 Feb/17
Rwanda 6.25 Jan/17
Armenia 6.00 Feb/17
Bhutan 6.00 Feb/17
Pakistan 5.75 Feb/17
Botswana 5.50 Feb/17
Brunei 5.50 Feb/17
Dominican Republic 5.50 Feb/17
Honduras 5.50 Mar/17
Paraguay 5.50 Mar/17
Ethiopia 5.00 Feb/17
Guyana 5.00 Jan/17
Iceland 5.00 Mar/17
Jamaica 5.00 Feb/17
Kyrgyzstan 5.00 Feb/17
Qatar 5.00 Mar/17
Bosnia and Herzegovina 4.97 Dec/16
Indonesia 4.75 Mar/17
Trinidad and Tobago 4.75 Jan/17
El Salvador 4.56 Dec/16
Benin 4.50 Feb/17
Burkina Faso 4.50 Feb/17
Guinea Bissau 4.50 Feb/17
Ivory Coast 4.50 Feb/17
Mali 4.50 Feb/17
Niger 4.50 Feb/17
Senegal 4.50 Feb/17
Togo 4.50 Feb/17
China 4.35 Feb/17
Laos 4.25 Feb/17
Peru 4.25 Mar/17
Tunisia 4.25 Feb/17
Bahamas 4.00 Feb/17
Iraq 4.00 Feb/17
Jordan 4.00 Feb/17
Mauritius 4.00 Feb/17
Serbia 4.00 Mar/17
Algeria 3.50 Feb/17
Macedonia 3.50 Jan/17
Barbados 3.46 Feb/17
Chile 3.00 Mar/17
Guatemala 3.00 Feb/17
Libya 3.00 Feb/17
Malaysia 3.00 Mar/17
Philippines 3.00 Mar/17
Kuwait 2.75 Mar/17
Belize 2.50 Feb/17
Croatia 2.50 Jan/17
Cameroon 2.45 Feb/17
Central African Republic 2.45 Feb/17
Chad 2.45 Feb/17
Equatorial Guinea 2.45 Jan/17
Gabon 2.45 Feb/17
Republic of the Congo 2.45 Feb/17
Cuba 2.25 Feb/17
Morocco 2.25 Mar/17
Saudi Arabia 2.00 Feb/17
Bolivia 1.88 Jan/17
Costa Rica 1.75 Feb/17
New Zealand 1.75 Mar/17
Romania 1.75 Feb/17
United Arab Emirates 1.75 Mar/17
Australia 1.50 Mar/17
Poland 1.50 Mar/17
Thailand 1.50 Feb/17
Cambodia 1.45 Dec/16
Taiwan 1.38 Mar/17
Albania 1.25 Feb/17
Bahrain 1.25 Mar/17
Hong Kong 1.25 Mar/17
Macau 1.25 Mar/17
South Korea 1.25 Feb/17
Oman 1.24 Feb/17
Comoros 1.15 Nov/16
United States 1.00 Mar/17
Hungary 0.90 Feb/17
Panama 0.58 Dec/16
Canada 0.50 Mar/17
Fiji 0.50 Feb/17
Norway 0.50 Mar/17
New Caledonia 0.25 Feb/17
United Kingdom 0.25 Mar/17
Singapore 0.22 Feb/17
Israel 0.10 Feb/17
Czech Republic 0.05 Feb/17
Austria 0.00 Mar/17
Belgium 0.00 Mar/17
Bulgaria 0.00 Mar/17
Cyprus 0.00 Mar/17
Estonia 0.00 Mar/17
Euro Area 0.00 Mar/17
Finland 0.00 Mar/17
France 0.00 Mar/17
Germany 0.00 Mar/17
Greece 0.00 Mar/17
Ireland 0.00 Mar/17
Italy 0.00 Mar/17
Latvia 0.00 Mar/17
Lithuania 0.00 Mar/17
Luxembourg 0.00 Mar/17
Malta 0.00 Mar/17
Netherlands 0.00 Mar/17
Portugal 0.00 Mar/17
Slovakia 0.00 Mar/17
Slovenia 0.00 Mar/17
Spain 0.00 Mar/17
Japan -0.10 Mar/17
Sweden -0.50 Feb/17
Denmark -0.65 Feb/17
Switzerland -0.75 Mar/17