Thailand Interest Rate 2000-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Thailand was last recorded at 1.75 percent. Interest Rate in Thailand averaged 2.46 Percent from 2000 until 2014, 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.

      Forecast    
Thailand Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.75 2.00 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 Monday, March 30, 2015.


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.

The decision was voted by four out of seven members of the committee. The dissenting voices expected the interest rate to remain unchanged, as they judged the fiscal stimulus should be a key growth driver.

Statement by the Bank of Thailand:

In the fourth quarter of 2014 and January 2015, the Thai economy continued to recover slowly, as the economic momentum from private consumption and investment was softer than expected owing in part to weaker private sector’s confidence. In the periods ahead, the economy is projected to recover at a slower pace than formerly assessed. Exports of goods are expected to recover at a rate close to the previous projection, but with higher downside risks from a slowdown in trading partners’ economies, notably China. Meanwhile, tourism is projected to recover steadily, partially offsetting the weaker domestic demand.

In the first two months of 2015, headline inflation declined and turned negative due to low global oil prices. Nonetheless, the prices of most goods and services continued to rise, reflected by positive core inflation. Looking ahead, inflationary pressure is forecasted to remain at a low level, close to the committee’s assessment at the last meeting. Overall financial stability remains sound, but there is a need to closely monitor the potential risk build-up associated with search-for-yield behaviour, amid an extended period of low domestic interest rate environment.

In the policy deliberation, the committee judged that the outlook of the Thai economic recovery is weaker than previously assessed. Fiscal stimulus will take time to materialise, while headline inflation is projected to remain low for a certain period of time. Against this backdrop, four members judged that monetary policy should be eased further to provide more support to economic recovery, and help shore up private sector’s confidence. Nevertheless, three members deemed the current policy rate as still being sufficiently supportive of economic recovery, while the policy space should be preserved as a shock absorber, to be used when more necessary and when policy transmission is more effective. Fiscal stimulus, especially the implementation of planned public investment, should be a key growth driver at this juncture.

Going forward, the MPC will closely monitor developments of the Thai economy, and will pursue appropriate policy to sustain the ongoing economic recovery, as well as to maintain financial stability in the long term.

Bank of Thailand l Rida Husna l rida@tradingeconomics.com
3/11/2015 8:43:28 AM


Recent Releases

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-17 07:30 AM
Interest Rate Decision 
2% 2.0% 2% 2%
2015-01-28 07:22 AM
Interest Rate Decision 
2% 2% 2% 2%
2015-03-11 07:30 AM
Interest Rate Decision 
1.75% 2% 2% 2%
2015-04-29 08:30 AM
Interest Rate Decision 
1.75% 1.75%
2015-06-10 08:30 AM
Interest Rate Decision 
1.75%
2015-08-05 08:30 AM
Interest Rate Decision 
1.75%


Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.75 2.00 5.00 1.25 percent [+]
Money Supply M0 1173038.00 1200492.00 1200492.00 280977.00 THB Million [+]
Money Supply M1 1641.10 1682.60 1682.60 365.90 THB Billion [+]
Money Supply M3 16936.55 16811.87 16936.55 5077.80 THB Billion [+]
Foreign Exchange Reserves 156935.39 156718.50 189883.65 326.00 USD Million [+]
Loans to Private Sector 3558586.00 3574082.00 3574082.00 1701089.00 THB Million [+]
Banks Balance Sheet 16662412.00 16746552.00 16746552.00 14874369.00 THB Million [+]
Central Bank Balance Sheet 5794686.00 5817434.00 6251360.00 2103522.00 THB Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.25 Mar/15 2.25 17.50 2.25 percent [+]
Brazil 12.75 Mar/15 12.25 45.00 7.25 percent [+]
Canada 0.75 Mar/15 0.75 16.00 0.25 percent [+]
China 5.35 Mar/15 5.60 10.98 5.31 percent [+]
Euro Area 0.05 Mar/15 0.05 4.75 0.05 percent [+]
France 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Mar/15 0.05 4.75 0.05 percent [+]
India 7.50 Mar/15 7.75 14.50 4.25 percent [+]
Indonesia 7.50 Mar/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Mar/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Mar/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Russia 14.00 Mar/15 15.00 17.00 5.00 percent [+]
South Korea 1.75 Mar/15 2.00 5.25 1.75 percent [+]
Spain 0.05 Mar/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Mar/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Mar/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Mar/15 0.50 17.00 0.50 percent [+]
United States 0.25 Mar/15 0.25 20.00 0.25 percent [+]