Interest Rate in Thailand
Thailand - Interest Rate
Bank of Thailand leaves one-day repurchase rate on hold in February
At its 15 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for over two years. The latest monetary policy announcement was in line with market expectations.
The decision to keep rates on hold reflected the Bank’s view that the current monetary stance is consistent with its inflation and financial stability objectives. A lax monetary policy has created accommodative conditions in the domestic financial market, spurring growth in credit and overall economic activity. The Bank’s latest projections show that GDP growth in Q4 likely picked up steam on the back of improving overseas demand, growth in fixed investment and public spending. Faster economic activity is exerting upward price pressures, although inflation remains below the target range of 1.0%–4.0% (January: 0.8%).
Forward guidance was scant in the press statement. The BoT commented that monetary conditions will remain accommodative going forward, subject to change only if financial conditions deteriorate, as inflation remains below its target range.
The next monetary policy meeting will be held on 29 March.
Thailand Interest Rate Forecast
FocusEconomics Consensus Forecast panelists expect the one-day repurchase rate to end 2018 at 1.51%. In 2019, the panel expects the monetary policy rate to end the year at 1.76%.
Thailand - Interest Rate Data
|Policy Interest Rate (%)||2.75||2.25||2.00||1.50||1.50|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Interest Rate Chart
Source: Bank of Thailand.
|Bond Yield||2.44||0.0 %||Feb 22|
|Exchange Rate||31.56||0.17 %||Feb 22|
|Stock Market||1,789||-1.41 %||Feb 22|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 21, 2018
Thailand recorded a USD 120 million deficit in January, swinging from the USD 830 million surplus registered in the same month of last year but notably above the USD 280 million deficit clocked in December 2017.
Thailand: Despite slowdown in the final quarter, the economy grew at fastest clip in 2017 in five years
February 19, 2018
The momentum in the Thai economy slowed somewhat in the final quarter of 2017.
February 15, 2018
At its 15 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for over two years.
February 1, 2018
Consumer prices in Thailand increased 0.07% over the previous month in January, contrasting a 0.08% decrease in December.
January 31, 2018
Manufacturing output expanded 2.3% annually in December, down from November’s revised 4.1% jump (previously reported: +4.3% year-on-year).