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

Thailand's central bank unanimously left the policy rate unchanged at 1.5 percent at its February 3rd meeting, as expected. While being mindful of risks to financial stability, policymakers judged monetary policy remained accommodative, and the policy space should be preserved. Interest Rate in Thailand averaged 2.38 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-04 07:15 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2015-12-16 07:30 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-02-03 07:17 AM Interest Rate Decision 1.5% 1.5% 1.5% 1.5%
2016-03-11 07:30 AM Interest Rate Decision 1.5% 1.5%
2016-04-29 07:15 AM Interest Rate Decision 1.5%
2016-06-10 07:15 AM Interest Rate Decision 1.5%

Thailand Leaves Key Policy Rate on Hold at 1.5%


Thailand's central Thailand's central bank unanimously left the policy rate unchanged at 1.5 percent at its February 3rd meeting, as expected. While being mindful of risks to financial stability, policymakers judged monetary policy remained accommodative and the policy space should be preserved.

Statement by the Bank of Thailand:

In the fourth quarter of 2015, the Thai economy gradually recovered at a pace close to the assessment at the previous meeting, supported by high disbursement of public expenditure, an improving number of tourist arrivals, especially Chinese tourists, and continued expansion in private consumption. The improvement in private consumption expenditure was due partly to a temporary effect of the government’s tax rebate measure around the end of last year, as well as accelerated car purchases prior to the increase in vehicle excise tax. Meanwhile, merchandise export value contracted markedly.
 
Inflationary pressure declined further from the previous meeting due mainly to a sharp and larger-than-expected fall in global oil prices, causing inflationary risks to skew more towards the downside. Nevertheless, headline inflation is projected to rise gradually and likely turn positive during the first half of 2016. Meanwhile, deflationary risks remain contained as demand continues to expand and core inflation is still positive, consistent with medium-term inflation expectations of the public.
 
Under the Committee’s assessment, the Thai economy is projected to expand in 2016 at a rate close to the assessment at the previous meeting, supported mainly by domestic demand. Meanwhile, external risks increased from major trading partners’ economies, shifting global trade structure, and low commodity prices. In addition, monetary policy divergence among advanced economies continues to influence capital flows and exchange rate movements.
 
In deliberating monetary policy, the Committee judged that monetary policy remained accommodative, and the policy space should be preserved, while being mindful of risks to financial stability. Therefore, the policy rate should be kept on hold at this meeting. Nevertheless, the Committee will continue to monitor economic and financial developments closely, and stand ready to utilize an appropriate mix of available policy tools in order tosupport the economic recovery, while ensuring financial stability. while being mindful of
risks to financial stability.


Bank of Thailand l Rida Husna | rida@tradingeconomics.com
2/3/2016 7:44:02 AM

Thailand Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1254905.00 1184977.00 1254905.00 280977.00 THB Million [+]
Money Supply M1 1781.70 1696.20 1781.70 365.90 THB Billion [+]
Money Supply M3 17560.19 17352.60 17560.19 5077.80 THB Billion [+]
Banks Balance Sheet 17315024.00 17295812.00 17315024.00 14874369.00 THB Million [+]
Foreign Exchange Reserves 160114.25 156513.95 189883.65 326.00 USD Million [+]
Loans to Private Sector 3742164.00 3695889.00 3742164.00 1701089.00 THB Million [+]
Deposit Interest Rate 1.96 2.88 13.67 1.00 percent [+]
Central Bank Balance Sheet 6306713.00 6294621.00 6395300.00 2103522.00 THB Million [+]
Interbank Rate 1.62 1.62 5.41 1.20 Percent [+]




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