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 2.42 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.

Thailand Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 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 Sunday, August 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 08:15 AM 1.5% 1.5% 1.5% 1.5%
2015-08-05 08:30 AM 1.5% 1.5%
2015-09-16 08:30 AM 1.5%
2015-11-04 07:30 AM 1.5%

Thailand Leaves Rates on Hold

The Bank of Thailand left its key policy rate on hold at 1.5 percent in June as widely expected, saying monetary policy should remain accommodative to support the economic recovery. The decision follows rate cuts in the previous two meetings.

Statement by the Bank of Thailand:

The Thai economy recovered at a pace close to the assessment at the previous meeting. Economic momentum in the first four months of 2015 softened due to sluggish private consumption and continued contraction in exports, as a result of a slowdown in the Chinese and Asian economies and a shift in global trade structure. Nevertheless, increased disbursement of public investment expenditure and continued improvement in tourism helped shore up the economy. In the periods ahead, the economy is projected to improve gradually, but subject to downside risks from slower-than-expected recovery of the global economy, especially China and other Asian economies.

Headline inflation continued to stay in a negative territory due mainly to energy costs and raw food prices. However, it is expected to pick up in the second half of the year as the base effect of high oil prices begins to wane, coupled with expected rises in oil and raw food prices. Meanwhile, core inflation was still positive but declined somewhat owing to subdued demand-side pressure. Nevertheless, in the Committee’s assessment, the risk of deflation remains low, as consumption continues to increase, while the prices of most goods and services still increase or stay unchanged, and inflation expectations are close to the inflation target.

In deliberating monetary policy, the Committee judged that the conduct of monetary policy has thus far eased monetary conditions, while the direction of exchange rate movement has become more conducive to the economic recovery. Nevertheless, the Thai economy remained subject to downside risks, particularly from the global economy. Therefore, monetary policy stance should continue to be accommodative in order to support the economic recovery.

Going forward, the Committee will closely monitor Thailand’s economic and financial developments, and stand ready to utilize the available policy space appropriately in order to support the ongoing recovery and maintain long-term financial stability. 

Bank of Thailand | Joana Taborda |
6/10/2015 9:15:25 AM

Recent Releases

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.
Published on 2015-04-29

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 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.
Published on 2014-12-17

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1136430.00 1160051.00 1200492.00 280977.00 THB Million [+]
Money Supply M1 1619.80 1694.60 1694.60 365.90 THB Billion [+]
Money Supply M3 17088.53 17170.04 17174.53 5077.80 THB Billion [+]
Foreign Exchange Reserves 160273.97 158518.37 189883.65 326.00 USD Million [+]
Loans to Private Sector 3630956.00 3606127.00 3630956.00 1701089.00 THB Million [+]
Banks Balance Sheet 16971197.00 17003865.00 17003865.00 14874369.00 THB Million [+]
Central Bank Balance Sheet 6150571.00 6110315.00 6251360.00 2103522.00 THB Million [+]

Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jul/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Jun/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Jul/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Jul/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Jul/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jul/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jul/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]