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

The Bank of Thailand left its benchmark interest rate unchanged at 1.5 percent on September 14th, as widely expected, saying the economy is expected to recover at a gradual pace, while facing uncertainties on both domestic and external fronts. Thailand’s economy grew a higher-than-expected 3.5 percent in the second quarter of the year, but the country still faces a number of challenges including low private investment amid a drop in exports and manufacturing production. Interest Rate in Thailand averaged 2.33 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 1.5% 1.5%
2016-09-14 07:10 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-11-09 07:15 AM Interest Rate Decision 1.5% 1.5%
2016-12-21 07:30 AM Interest Rate Decision 1.5%

Thailand Holds Rates Steady at 1.5%


The Bank of Thailand left its benchmark interest rate unchanged at 1.5 percent on September 14th, as widely expected, saying the economy is expected to recover at a gradual pace, while facing uncertainties on both domestic and external fronts. Thailand’s economy grew a higher-than-expected 3.5 percent in the second quarter of the year, but the country still faces a number of challenges including low private investment amid a drop in exports and manufacturing production.

Statement by the Bank of Thailand:

In deliberating their policy decision, the Committee assessed the economy to continue recovering at a gradual pace, while facing uncertainties on both domestic and external fronts. Inflation was expected to return to the target band within the latter half of the year. Meanwhile, monetary conditions remained accommodative and conducive to the economic recovery. Hence, the Committee judged that the policy rate should be kept on hold at this meeting.

The Thai economy recorded higher-than-expected growth in the second quarter on the back of a strong expansion in private consumption, partly as a result of temporary factors and government stimulus measures. Meanwhile, public expenditure and tourism continued to be the key growth drivers. Nonetheless, private investment remained low and mostly concentrated in some business sectors. Manufacturing production and merchandise exports contracted due to the slowdown in Asian economies and structural problems facing the Thai economy. In addition, there was a decline in the quality of loans extended to some business sectors. Looking ahead, the Committee projected that the Thai economy would continue to recover but face risks, particularly those stemming from the fragile global economic recovery and political developments abroad.

Headline inflation in August increased slightly on account of fresh food prices, while core inflation remained stable in line with the gradual recovery in demand. The Committee expected headline inflation to return to the target band within this year as previously assessed.

Overall monetary conditions remained accommodative as reflected in low real interest rates and government bond yields. Nonetheless, the baht appreciated against key trading partner currencies over some recent periods which might not be beneficial to the ongoing economic recovery. In addition, financial stability risks from the prolonged low interest rate environment, including search-for-yield behavior, continued to warrant close monitoring.

The Committee saw the need to preserve policy space given that the Thai economy would still be facing greater uncertainties going forward, particularly the fragile global economic recovery and uncertainties in the monetary policy directions of major advanced economies that might induce greater capital flow and exchange rate volatility.

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
9/14/2016 7:42:54 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1214876.00 1209616.00 1254905.00 280977.00 THB Million [+]
Money Supply M1 1727.10 1742.10 1781.70 365.90 THB Billion [+]
Money Supply M3 17763.96 17835.11 17892.79 5077.80 THB Billion [+]
Banks Balance Sheet 17542272.00 17703950.00 17744799.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 180802.64 180203.66 189883.65 326.00 USD Million [+]
Loans to Private Sector 3775008.00 3798804.00 3815598.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.40 2.88 13.67 1.00 percent [+]
Interbank Rate 1.59 1.59 5.41 1.20 percent [+]
Central Bank Balance Sheet 7126210.00 7158097.00 7158097.00 2103522.00 THB Million [+]




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