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

The Bank of Thailand kept its benchmark interest rate unchanged at 1.5 percent on August 3rd, as widely expected, saying the current monetary policy is adequate to support the economic recovery while inflation is now expected to return to the target band later than previously estimated due to weaker-than-expected energy prices. Policymakers voiced concerns about 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. Interest Rate in Thailand averaged 2.34 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
Receive the next reported value for Thailand Interest Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

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 August of 2016.


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

Thailand Holds Key Interest Rate at 1.5%


The Bank of Thailand kept its benchmark interest rate unchanged at 1.5 percent on August 3rd, as widely expected, saying the current monetary policy is adequate to support the economic recovery while inflation is now expected to return to the target band later than previously estimated due to weaker-than-expected energy prices. Policymakers voiced concerns about 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.

Statement by the Bank of Thailand:

In deliberating their policy decision, the Committee assessed the economy to continue recovering at a gradual pace despite facing greater downside risks from increased uncertainties in the global economy. Meanwhile, inflation might return to the target band slightly later than previously assessed due to weaker-than-expected energy prices. 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 continued to recover at a gradual pace driven mainly by public expenditure and tourism. Private consumption also expanded on the back of improvements in income and confidence of agricultural households. Nevertheless, private investment remained low, and merchandise exports still contracted due to weaker-than-expected demand from Asian economies. Overall, the Thai economy was projected to expand at the rate close to the previous assessment, although downside risks increased from the last meeting. These included uncertainties following the British referendum (‘Brexit’), concerns over the European financial sector, and political developments abroad, which could impact confidence and the economic outlook of trading partners going forward. Meanwhile, financial stability risks in China remained.

Headline inflation in July softened slightly on account of raw food prices, while core inflation remained stable. The Committee expected that headline inflation would still gradually rise, although the timing of its return to the target band might be delayed, depending on global oil price movements.

The Committee viewed that overall monetary conditions remained accommodative and conducive to the economic recovery. This was reflected in low real interest rates and a continued expansion in total corporate financing and household credits, although certain business sectors faced limitations in obtaining credits. Nonetheless, the baht appreciated against some major currencies over the recent period, 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 more 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
8/3/2016 8:48:40 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1209616.00 1204985.00 1254905.00 280977.00 THB Million [+]
Money Supply M1 1742.10 1772.90 1781.70 365.90 THB Billion [+]
Money Supply M3 17835.11 17823.62 17892.79 5077.80 THB Billion [+]
Banks Balance Sheet 17703950.00 17744799.00 17744799.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 180203.66 178668.89 189883.65 326.00 USD Million [+]
Loans to Private Sector 3798804.00 3815598.00 3815598.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.40 2.88 13.67 1.00 percent [+]
Central Bank Balance Sheet 7158097.00 7114050.00 7158097.00 2103522.00 THB Million [+]
Interbank Rate 1.59 1.59 5.41 1.20 percent [+]




Last
Argentina 29.25 Aug/16
Malawi 27.00 Jul/16
Ghana 26.00 Jul/16
Gambia 23.00 Jun/16
Venezuela 21.54 Jul/16
Haiti 20.00 Jul/16
Iran 20.00 Dec/16
Belarus 18.00 Aug/16
Mozambique 17.25 Jul/16
Angola 16.00 Aug/16
Ukraine 15.50 Jul/16
Zambia 15.50 Jul/16
Afghanistan 15.00 Jul/16
Mongolia 15.00 Aug/16
Yemen 15.00 Jul/16
Brazil 14.25 Jul/16
Nigeria 14.00 Jul/16
Uganda 14.00 Aug/16
Liberia 13.55 Apr/16
Kazakhstan 13.00 Aug/16
Djibouti 12.70 Dec/14
Guinea 12.50 Jun/16
Suriname 12.50 Dec/15
Sudan 12.40 Dec/15
Seychelles 12.28 Jun/16
Tanzania 12.00 Feb/16
Egypt 11.75 Jul/16
Zimbabwe 11.44 Mar/16
Tajikistan 11.00 Jul/16
Kenya 10.50 Jul/16
Russia 10.50 Jul/16
Lebanon 10.00 Jul/16
Moldova 10.00 Aug/16
Myanmar 10.00 Jul/16
Sao Tome and Principe 10.00 Jul/16
Sierra Leone 9.50 Jul/16
Uruguay 9.25 Jul/16
Burundi 9.21 Mar/16
Mauritania 9.00 Jul/16
Uzbekistan 9.00 Jul/16
Ecuador 8.67 Jul/16
Madagascar 8.30 Jul/16
Colombia 7.75 Jul/16
Cape Verde 7.50 May/16
Turkey 7.50 Aug/16
Armenia 7.25 Aug/16
Azerbaijan 7.00 Jul/16
Maldives 7.00 Jul/16
Namibia 7.00 Aug/16
Nepal 7.00 Jul/16
South Africa 7.00 Jul/16
Sri Lanka 7.00 Jul/16
Swaziland 7.00 Jul/16
Lesotho 6.86 Mar/16
Bangladesh 6.75 Jul/16
Georgia 6.75 Jul/16
India 6.50 Aug/16
Rwanda 6.50 Jul/16
Vietnam 6.50 Jul/16
Papua New Guinea 6.25 Jul/16
Bhutan 6.00 Jul/16
Iraq 6.00 Jun/16
Kyrgyzstan 6.00 Jul/16
Iceland 5.75 Jul/16
Pakistan 5.75 Jul/16
Botswana 5.50 Aug/16
Brunei 5.50 Jul/16
Honduras 5.50 Aug/16
Paraguay 5.50 Jul/16
Indonesia 5.25 Aug/16
Bosnia and Herzegovina 5.24 Apr/16
Dominican Republic 5.00 Jul/16
Ethiopia 5.00 Jul/16
Guyana 5.00 Jul/16
Jamaica 5.00 Jul/16
Trinidad and Tobago 4.75 Jul/16
Bahamas 4.50 Jun/16
Laos 4.50 Jul/16
Qatar 4.50 Jul/16
China 4.35 Jul/16
El Salvador 4.33 Apr/16
Mexico 4.25 Aug/16
Peru 4.25 Aug/16
Tunisia 4.25 Jul/16
Algeria 4.00 May/16
Macedonia 4.00 Jun/16
Mauritius 4.00 Jul/16
Serbia 4.00 Aug/16
Jordan 3.75 Jul/16
Benin 3.50 Jul/16
Burkina Faso 3.50 Jul/16
Chile 3.50 Aug/16
Guinea Bissau 3.50 Jul/16
Ivory Coast 3.50 Jul/16
Mali 3.50 Jul/16
Niger 3.50 Jul/16
Senegal 3.50 Jul/16
Togo 3.50 Jul/16
Barbados 3.41 Jul/16
Guatemala 3.00 Jul/16
Libya 3.00 Jul/16
Malaysia 3.00 Jul/16
Philippines 3.00 Aug/16
Belize 2.50 Jun/16
Croatia 2.50 Jun/16
Cameroon 2.45 Jul/16
Central African Republic 2.45 Jul/16
Chad 2.45 Jul/16
Equatorial Guinea 2.45 Jul/16
Gabon 2.45 Jul/16
Republic of the Congo 2.45 Jul/16
Cuba 2.25 Jul/16
Kuwait 2.25 Jul/16
Morocco 2.25 Jul/16
Bolivia 2.01 Jul/16
Congo 2.00 Jul/16
New Zealand 2.00 Aug/16
Saudi Arabia 2.00 Jul/16
Costa Rica 1.75 Jul/16
Romania 1.75 Aug/16
Australia 1.50 Aug/16
Poland 1.50 Jul/16
Thailand 1.50 Aug/16
Cambodia 1.42 Mar/16
Taiwan 1.38 Jul/16
Albania 1.25 Aug/16
South Korea 1.25 Aug/16
United Arab Emirates 1.25 Jul/16
Comoros 1.16 Apr/16
Oman 1.00 Jul/16
Hungary 0.90 Aug/16
Bahrain 0.75 Jul/16
Hong Kong 0.75 Jul/16
Macau 0.75 Jul/16
Panama 0.52 May/16
Canada 0.50 Jul/16
Fiji 0.50 Jul/16
Norway 0.50 Jul/16
United States 0.50 Jul/16
Singapore 0.37 Jul/16
New Caledonia 0.25 Jul/16
United Kingdom 0.25 Aug/16
Israel 0.10 Jul/16
Czech Republic 0.05 Aug/16
Austria 0.00 Jul/16
Belgium 0.00 Jul/16
Bulgaria 0.00 Aug/16
Cyprus 0.00 Jul/16
Estonia 0.00 Jul/16
Euro Area 0.00 Jul/16
Finland 0.00 Jul/16
France 0.00 Jul/16
Germany 0.00 Jul/16
Greece 0.00 Jul/16
Ireland 0.00 Jul/16
Italy 0.00 Jul/16
Latvia 0.00 Jul/16
Lithuania 0.00 Jul/16
Luxembourg 0.00 Jul/16
Malta 0.00 Jul/16
Netherlands 0.00 Jul/16
Portugal 0.00 Jul/16
Slovakia 0.00 Jul/16
Slovenia 0.00 Jul/16
Spain 0.00 Jul/16
Japan -0.10 Jul/16
Sweden -0.50 Jul/16
Denmark -0.65 Jul/16
Switzerland -0.75 Jul/16