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

The Bank of Thailand left its benchmark interest rate on hold at 1.5 percent on June 22nd, as widely expected, saying the current monetary policy is adequate to support the economic recovery and to bring inflation back to the target band within the latter half of the year. Policymakers, however, voiced concerns about the fragile global economic recovery, monetary policy divergence among major advanced economies, the result of the EU Referendum in the UK and financial stability in China. Interest Rate in Thailand averaged 2.35 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-23 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-05-11 07:14 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-06-22 07:05 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-08-03 07:10 AM Interest Rate Decision 1.5% 1.5%
2016-09-14 07:10 AM Interest Rate Decision 1.5%
2016-11-09 07:15 AM Interest Rate Decision 1.5%

Thailand Holds Key Rate at 1.5%


The Bank of Thailand left its benchmark interest rate on hold at 1.5 percent on June 22nd, as widely expected, saying the current monetary policy is adequate to support the economic recovery and to bring inflation back to the target band within the latter half of the year. Policymakers, however, voiced concerns about the fragile global economic recovery, monetary policy divergence among major advanced economies, the result of the EU Referendum in the UK and financial stability in China.

Statement by the Bank of Thailand:

In deliberating monetary policy, the Committee judged that the economy would continue to recover, and inflation would return to the target band within the latter half of the year as previously expected. Meanwhile, monetary conditions remained accommodative and conducive to the economic recovery. Hence, the policy rate should be kept on hold at this meeting.

The Thai economy continued to recover on the back of public expenditure and broad-based improvement in the tourism sector, while private consumption expanded as anticipated. However, expansion in private investment remained low, and merchandise exports still contracted in tandem with other Asian economies which were weaker than expected. Overall, the economic momentum from domestic demand and the tourism sector offset the impact from contraction in merchandise exports. As such, the economy was expected to expand at the same rate as previously assessed. Nevertheless, there are remaining downside risks from slower-than-expected growth of trading partners, and private sector’s confidence which is still fragile. However, concerns pertaining to the impact of the drought have subsided, and prices of some agricultural commodities have shown sign of recovery.

Inflationary pressure edged up with the ongoing economic recovery. Headline inflation in May picked up further with the acceleration in energy and fresh food prices, while core inflation increased slightly. The Committee assessed that headline inflation would gradually rise and return to the target band within the latter half of this year.

Monetary conditions remained accommodative and conducive to the economic recovery as reflected in low real interest rates. Total corporate financing and household credits continued to expand, although certain business sectors faced limitations in obtaining credits. Meanwhile, financial stability risks from the prolonged low interest rate environment, including search-for-yield behavior, continued to warrant close monitoring.

The Committee saw merit in preserving policy space given that the Thai economy would still be facing risks going forward, such as the fragile global economic recovery, monetary policy divergence among major advanced economies, the result of the EU Referendum in the UK (‘Brexit’) and financial stability concerns in China. Going forward, the Committee viewed that monetary policy should remain accommodative, and stands 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 Joana Ferreira | joana.ferreira@tradingeconomics.com
6/22/2016 8:47:21 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1233722.00 1232821.00 1254905.00 280977.00 THB Million [+]
Money Supply M1 1764.30 1748.60 1781.70 365.90 THB Billion [+]
Money Supply M3 17892.79 17830.60 17892.79 5077.80 THB Billion [+]
Banks Balance Sheet 17728245.00 17654261.00 17728245.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 175477.00 178568.34 189883.65 326.00 USD Million [+]
Loans to Private Sector 3717250.00 3728229.00 3752786.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.40 2.88 13.67 1.00 percent [+]
Central Bank Balance Sheet 7080283.00 6999355.00 7080283.00 2103522.00 THB Million [+]
Interbank Rate 1.59 1.59 5.41 1.20 percent [+]




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