The Bank of Thailand left its key policy rate steady at a record low of 0.5 percent for the 6th straight meeting on February 3rd 2021, as widely expected. Last year, the central bank cut the rate three times to support the coronavirus-hit economy. In December, policymakers cut their GDP outlook for this year to 3.2 percent. The central bank assessed that, while the new wave of the COVID-19 outbreak and the containment measures would affect the Thai economy in the short term, the economic recovery continued to be on track thanks to government measures and export recovery. Nevertheless, uncertainties surrounding the economic outlook remained high with considerable downside risks. The economy would thus need support from the continued low policy rate. source: Bank of Thailand
Interest Rate in Thailand averaged 2.08 percent from 2000 until 2021, reaching an all time high of 5 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 2021.
Interest Rate in Thailand is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Thailand to stand at 0.75 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.