The Bank of Thailand held its key policy rate unchanged at a record low of 0.5 percent on November 18th 2020, as widely expected. Policymakers said that the current accommodating monetary policy stance would remain appropriate in the period ahead and would continue to support economic growth, financial stability and inflation. The Committee added that they will continue to monitor developments of economic growth, inflation, and financial stability, together with various risks, including domestic political uncertainties, and will stand ready to use additional appropriate monetary policy tools if necessary. The central bank has said it expects the economy to contract by a record 7.8 percent this year. It shrank 6.4 percent in the third quarter from a year earlier, after a 12.1 percent contraction in the second quarter. source: Bank of Thailand
Interest Rate in Thailand averaged 2.11 percent from 2000 until 2020, 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 December of 2020.
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 0.50 in 12 months time. In the long-term, the Thailand Interest Rate is projected to trend around 0.75 percent in 2021 and 1.50 percent in 2022, according to our econometric models.