The Bank of Thailand lowered its benchmark interest rate by 25 bps to 1.25% at its December 2025 policy meeting, as widely expected. The central bank has cut its key rate five times over the past year, for a total reduction of 125 bps, to support a sluggish economy grappling with US tariffs, high household debt, a strong baht, and political uncertainty ahead of elections in early February. The move brings the rate to its lowest level since December 2022. On the economic outlook, the BoT kept GDP forecasts at 2.2% for this year but revised the 2026 forecast down to 1.5% from 1.6%. The headline inflation forecast for this year was lowered to -0.1% from flat previously, and for 2026 it was reduced to 0.3% from 0.5%. The BoT said the subdued inflation reflected lower global energy prices and government subsidies and noted that deflationary risks were low. The MPC reaffirmed its readiness to adjust monetary policy as appropriate in line with the evolving economic and inflation outlook. source: Bank of Thailand

The benchmark interest rate in Thailand was last recorded at 1.25 percent. Interest Rate in Thailand averaged 1.96 percent from 2000 until 2025, reaching an all time high of 5.00 percent in June of 2006 and a record low of 0.50 percent in May of 2020. This page provides - Thailand Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The benchmark interest rate in Thailand was last recorded at 1.25 percent. Interest Rate in Thailand is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Interest Rate is projected to trend around 1.25 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-08-13 07:00 AM Interest Rate Decision 1.5% 1.75% 1.50% 1.5%
2025-10-08 07:00 AM Interest Rate Decision 1.5% 1.5% 1.25% 1.25%
2025-12-17 07:00 AM Interest Rate Decision 1.25% 1.5% 1.25% 1.25%
2026-02-25 07:00 AM Interest Rate Decision 1.25%
2026-04-29 07:00 AM Interest Rate Decision
2026-06-24 07:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Banks Balance Sheet 25377980.00 25583828.00 THB Million Jun 2025
Central Bank Balance Sheet 10141371.00 10163806.00 THB Million Dec 2025
Foreign Exchange Reserves 281872.40 274680.22 USD Million Dec 2025
Interbank Rate 1.39 1.39 percent Feb 2026
Interest Rate 1.25 1.50 percent Dec 2025
Loans to Private Sector 4790335.00 4816199.00 THB Million Jun 2025
Money Supply M0 2557.84 2512.88 THB Billion Dec 2025
Money Supply M1 3500.61 3444.37 THB Billion Dec 2025
Money Supply M2 23998.88 23842.36 THB Billion Dec 2025
Money Supply M3 27499.49 27286.74 THB Billion Dec 2025
Repo Rate 1.24 1.24 percent Feb 2026


Thailand Interest Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
1.25 1.50 5.00 0.50 2000 - 2025 percent Daily

News Stream
Thailand Cuts Interest Rate by 25 bps as Expected
The Bank of Thailand lowered its benchmark interest rate by 25 bps to 1.25% at its December 2025 policy meeting, as widely expected. The central bank has cut its key rate five times over the past year, for a total reduction of 125 bps, to support a sluggish economy grappling with US tariffs, high household debt, a strong baht, and political uncertainty ahead of elections in early February. The move brings the rate to its lowest level since December 2022. On the economic outlook, the BoT kept GDP forecasts at 2.2% for this year but revised the 2026 forecast down to 1.5% from 1.6%. The headline inflation forecast for this year was lowered to -0.1% from flat previously, and for 2026 it was reduced to 0.3% from 0.5%. The BoT said the subdued inflation reflected lower global energy prices and government subsidies and noted that deflationary risks were low. The MPC reaffirmed its readiness to adjust monetary policy as appropriate in line with the evolving economic and inflation outlook.
2025-12-17
Thailand’s Monetary Policy Should Remain Accommodative
The Bank of Thailand (BoT) will keep monetary policy accommodative to support economic recovery and remains ready to adjust policy settings as needed, the minutes of the central bank’s October 8 policy meeting showed on Wednesday. The committee stated that policy should remain accommodative and noted that the impact of earlier rate cuts was still feeding through to the economy. At the meeting, the monetary policy committee unexpectedly voted 5-2 to leave the one-day repurchase rate unchanged at 1.50%. The central bank has cut its key rate four times over the past year, for a total reduction of 100 basis points, to support the economy, which is grappling with US tariffs, high household debt, and a strong baht. The central bank expects economic growth of 2.2% this year and 1.6% next year. For the first half of 2025, the economy expanded by 3.0%. Last year’s growth of 2.5% lagged that of its peers.
2025-10-22
Bank of Thailand Holds Rates Unexpectedly
The Bank of Thailand kept its benchmark interest rate unchanged at 1.5% during its October 2025 policy meeting, defying market expectations of a cut to 1.25% and remaining at its lowest level since February 2023. Headline inflation is now forecast at 0% in 2025 and 0.5% in 2026, with a gradual return to the central bank’s 1%–3% target band anticipated by early 2027. The core inflation rate is expected to remain stable at 0.9% in both 2025 and 2026. Consumer prices in Thailand declined by 0.72% year-on-year in September 2025, marking the sixth consecutive month of deflation and remaining well below the central bank’s target range. Meanwhile, Thailand’s GDP is projected to grow by 2.2% in 2025 and 1.6% in 2026. The country's economy expanded by 2.8% year-on-year in Q2 2025, representing the slowest pace of growth since Q2 2024. Finally, the MPC reaffirmed its accommodative stance and signaled its readiness to adjust policy in response to evolving economic and inflation conditions.
2025-10-08