Thailand Interest Rate

The benchmark interest rate in Thailand was last recorded at 2 percent. Interest Rate in Thailand averaged 2.47 Percent from 2000 until 2014, reaching an all time high of 5.00 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.

   
 
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Thailand Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 5.00 1.25 2000 - 2014 Percent Monthly
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 Leaves Monetary Policy Unchanged


At its June 18th, 2014 meeting, Thailand’s central bank left the benchmark interest rate unchanged at 2 percent, as widely expected. Policymakers also lowered its 2014 GDP growth forecast to 1.5 percent from 2.7 percent.

Statement by the Bank of Thailand:

The global economic recovery, led by major economies, retained its momentum. The US continued to grow on the back of stronger labour and housing markets. Recovery in the  euro  area  and Japan  continued  at  a moderate  pace. In China, risks in the financial sectors subsided, while the downside risks to growth diminished in the short term. Asian economies remained stable, with exports partially offsetting slowing domestic demand. 

The Thai economy contracted in the first quarter of 2014 as political uncertainties weighed on domestic demand and tourism. Moderate recovery in exports of goods could not compensate for falling domestic demand. Following a significant reduction of political uncertainties, the  economy should  benefit from improving public and private spending. A slow recovery in exports of goods and tourism however pose downside risks to growth. Meanwhile, inflationary pressure has edged higher. 

In the committee’s view, the economic recovery should pick up pace given reduced political uncertainties and a resumption of functioning public policy management. More active fiscal policy and prevailing monetary policy accommodation should lend support to a sustained economic recovery. The committee thus voted unanimously to maintain the policy rate at 2.00 percent per annum. The MPC will closely monitor economic and financial developments, and will pursue appropriate policy to ensure a sustained recovery as well as long-term financial stability.

Bank of Thailand | Joana Taborda | joana.taborda@tradingeconomics.com
6/18/2014 9:53:14 AM


Recent Releases

Bank of Thailand Leaves Interest Rate Unchanged
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest. Published on 2014-04-23

Bank of Thailand Cuts Rate to 2%
At its March 12th 2014 meeting, the Bank of Thailand decided to cut the benchmark interest rate by 25 bps to 2 percent, as months of political unrest keep hurting the economy. The policy rate stands now at its lowest level since late 2010. Published on 2014-03-12


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-22 07:30 AM Thailand
Interest Rate Decision
2.25% 2.25% 2% 2%
2014-03-12 07:30 AM Thailand
Interest Rate Decision
2.0% 2.25% 2.0% 2.25%
2014-04-23 08:30 AM Thailand
Interest Rate Decision
2.0% 2.0% 2.0% 2%
2014-06-18 08:30 AM Thailand
Interest Rate Decision
2.0% 2.0% 2.0% 2%
2014-08-06 08:30 AM Thailand
Interest Rate Decision
2.0% 2%


Money Last Previous Highest Lowest Unit
Interest Rate 2.00 2.00 5.00 1.25 Percent [+]
Money Supply M0 1150368.00 1157830.00 1198136.00 280977.00 THB Million [+]
Money Supply M1 1645.40 1616.60 1662.30 365.90 THB Billion [+]
Money Supply M3 16158.07 16173.78 16219.32 5077.80 THB Billion [+]
Foreign Exchange Reserves 168207.12 167545.84 189883.65 326.00 USD Million [+]
Loans to Private Sector 3551168.00 3542723.00 3551168.00 1701089.00 THB Million [+]





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