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

The benchmark interest rate in Thailand was last recorded at 1.50 percent. Interest Rate in Thailand averaged 2.41 percent from 2000 until 2015, 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 - 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 Sunday, August 30, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-29 08:15 AM 1.5% 1.75% 1.75% 1.75%
2015-06-10 08:15 AM 1.5% 1.5% 1.5% 1.5%
2015-08-05 08:10 AM 1.5% 1.5% 1.5% 1.5%
2015-09-16 08:30 AM 1.5% 1.5%
2015-11-04 07:30 AM 1.5%
2015-12-16 07:30 AM 1.5%

Thailand Monetary Policy Unchanged in August

The Bank of Thailand left its key policy rate on hold at 1.5 percent on August 5th as widely expected, saying current policy is appropriate to support economic growth.

Statement by the Bank of Thailand:

The Thai economy continued to recover gradually in the second quarter, and is expected to maintain the similar pace of recovery during the rest of the year. Nevertheless, downside risks increased from a slowdown in the Chinese economy and the adverse impact of domestic drought. Higher-than-expected improvement in tourism and high investment spending by the government remained the main growth drivers. Meanwhile, private consumption and investment improved at a measured pace. However, exports of goods contracted more than previously assessed due to subdued prices and reduced volume as a result of lower demand from trading partners, especially China and other Asian economies.

Headline inflation continued to stay in the negative territory due mainly to energy costs. However, it is likely to have bottomed out, and is expected to gradually pick up in the second half of the year as the base effect of high oil prices begins to wane. The Committee will continue to closely monitor domestic price development as the period at which headline inflation is expected to turn positive might be delayed as a result of limited demand-side pressure and slower-than-projected global oil price recovery.

In deliberating monetary policy, the Committee judged that the conduct of monetary policy has thus far eased monetary conditions, while the direction of exchange rate movement has stayed conducive to the economic recovery. Therefore, the policy interest rate should be kept unchanged at this meeting. The Committee were of the view that monetary policy stance should continue to be adequately accommodative, and will stand ready to utilize an appropriate mix of available policy tools in order to support the economic recovery, while maintaining long-term economic and financial stability. 

Bank of Thailand |
8/5/2015 9:16:44 AM

Recent Releases

Thailand Leaves Rates on Hold
The Bank of Thailand left its key policy rate on hold at 1.5 percent in June as widely expected, saying monetary policy should remain accommodative to support the economic recovery. The decision follows rate cuts in the previous two meetings.
Published on 2015-06-10

Bank of Thailand Surprisingly Cuts Rates
Thailand's central bank lowered the benchmark interest rate for the second straight meeting by 25 bps to 1.50 percent on April 29th amid low growth and falling inflation.
Published on 2015-04-29

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.
Published on 2015-03-11

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 Money Last Previous Highest Lowest Unit
Interest Rate 1.50 1.50 5.00 1.25 percent [+]
Money Supply M0 1136430.00 1160051.00 1200492.00 280977.00 THB Million [+]
Money Supply M1 1619.80 1694.60 1694.60 365.90 THB Billion [+]
Money Supply M3 17088.53 17170.04 17174.53 5077.80 THB Billion [+]
Foreign Exchange Reserves 156944.03 160273.97 189883.65 326.00 USD Million [+]
Loans to Private Sector 3594992.00 3630956.00 3630956.00 1701089.00 THB Million [+]
Banks Balance Sheet 16962505.00 16971197.00 17003865.00 14874369.00 THB Million [+]
Central Bank Balance Sheet 6150571.00 6110315.00 6251360.00 2103522.00 THB Million [+]

Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Aug/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.60 Aug/15 4.85 10.98 4.60 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Aug/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Aug/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Aug/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Aug/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]