Thailand Policy Rate

2000 - 2024 | Monthly | % pa | Bank of Thailand

Key information about Thailand Policy Rate

  • Thailand cash rate (Policy Rate: Month End) was set at 2.50 % pa in Feb 2024, compared with 2.50 % pa in the previous Jan 2024.
  • Thailand Policy Rate averaged 1.75 % pa and is updated monthly, available from May 2000 to Feb 2024.
  • The data reached an all-time high of 5.00 % pa in Dec 2006 and a record low of 0.50 % pa in Jul 2022.

The 14-Day RP Rate was used as a policy interest rate up until 16 January 2007 and after that the policy interest rate was switched to the 1-Day RP Rate. Since 12 February 2008, with the closure of the BOT-run RP market, policy rate was switched to the 1-Day Bilateral RP Rate.


Related information about Thailand Policy Rate

  • In the latest reports, Thailand Short Term Interest Rate: Month End: BIBOR 3 Months was reported at 2.65 % pa in Feb 2024.
  • Its Long Term Interest Rate (Long Term Interest Rate: Month End: Thailand: Government Bond Yield: 10 Years) was reported at 2.65 % pa in Jan 2024.
  • Thailand Exchange Rate against USD averaged 34.91 (USD/THB) in Jun 2023.
  • Its Real Effective Exchange Rate was 119.80 in Dec 2023.

View Thailand's Policy Rate from May 2000 to Feb 2024 in the chart:

Thailand Policy Rate

What was Thailand's Policy Rate in Feb 2024?

Thailand cash rate (Policy Rate: Month End) was set at 2.50 % pa in Feb 2024, compared with 2.50 % pa in the previous Jan 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.50 Feb 2024 2.50 Jan 2024 0.50 Jul 2022 5.00 Dec 2006 % pa monthly May 2000 - Feb 2024

Policy Rate by Country Comparison

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Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 3.25 Feb 2024 monthly Jan 2000 - Feb 2024
Algeria (% pa) 3.00 Sep 2023 monthly Jan 1963 - Sep 2023
Argentina (%) 108.12 Feb 2024 monthly Aug 1985 - Feb 2024
Armenia (% pa) 8.75 Feb 2024 monthly May 2001 - Feb 2024
Australia (% pa) 4.35 Feb 2024 monthly Aug 1990 - Feb 2024
Austria (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Azerbaijan (% pa) 7.75 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (% pa) 6.25 Feb 2024 monthly Jan 2007 - Feb 2024
Bangladesh (% pa) 8.00 Jan 2024 monthly Sep 2009 - Jan 2024
Belarus (% pa) 9.50 Feb 2024 monthly Jul 1991 - Feb 2024
Belgium (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Bolivia (% pa) 3.01 Feb 2024 monthly Jan 2013 - Feb 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 11.25 Feb 2024 monthly Mar 1999 - Feb 2024
Bulgaria (% pa) 3.80 Mar 2024 monthly Feb 1991 - Mar 2024
Canada (% pa) 5.00 Feb 2024 monthly Dec 1992 - Feb 2024
Chile (% pa) 7.25 Feb 2024 monthly May 1995 - Feb 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 12.75 Feb 2024 monthly Apr 1995 - Feb 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Czech Republic (% pa) 5.25 Feb 2024 monthly Jan 1993 - Feb 2024
Denmark (% pa) 3.60 Feb 2024 monthly Aug 1914 - Feb 2024
Ecuador (% pa) 10.34 Feb 2024 monthly Jul 1995 - Feb 2024
Egypt (% pa) 21.75 Feb 2024 monthly Jan 1991 - Feb 2024
Estonia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
European Union (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Finland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
France (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Georgia (% pa) 9.00 Feb 2024 monthly Jan 2008 - Feb 2024
Germany (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Hong Kong SAR, China (% pa) 5.75 Feb 2024 monthly Jun 1992 - Feb 2024
Hungary (% pa) 9.00 Feb 2024 monthly Oct 1990 - Feb 2024
Iceland (% pa) 10.00 Feb 2024 monthly Jan 1994 - Feb 2024
India (% pa) 6.50 Feb 2024 monthly Apr 2001 - Feb 2024
Indonesia (% pa) 6.00 Feb 2024 monthly Jun 2015 - Feb 2024
Ireland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Israel (% pa) 4.50 Feb 2024 monthly Dec 1998 - Feb 2024
Italy (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 8.50 Feb 2024 monthly Dec 1965 - Feb 2024
Kazakhstan (% pa) 14.75 Feb 2024 monthly Feb 1992 - Feb 2024
Kenya (% pa) 13.00 Feb 2024 monthly Jul 2003 - Feb 2024
South Korea (% pa) 3.50 Feb 2024 monthly May 1999 - Feb 2024
Kosovo (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Kuwait (% pa) 4.25 Feb 2024 monthly Jul 1999 - Feb 2024
Kyrgyzstan (% pa) 13.00 Feb 2024 monthly Jan 1999 - Feb 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Luxembourg (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Macau SAR, China (% pa) 5.75 Feb 2024 monthly Dec 1999 - Feb 2024
North Macedonia (% pa) 6.30 Mar 2024 monthly Jan 2002 - Mar 2024
Malawi (% pa) 24.00 Feb 2024 monthly Jan 1980 - Feb 2024
Malaysia (% pa) 3.00 Feb 2024 monthly Apr 2004 - Feb 2024
Malta (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Mauritius (% pa) 4.50 Feb 2024 monthly Dec 1999 - Feb 2024
Mexico (% pa) 11.25 Feb 2024 monthly Jan 2008 - Feb 2024
Moldova (% pa) 4.25 Feb 2024 monthly Feb 2001 - Feb 2024
Mongolia (% pa) 13.00 Feb 2024 monthly Jul 2007 - Feb 2024
Montenegro (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Morocco (% pa) 3.00 Feb 2024 monthly Jun 1995 - Feb 2024
Myanmar (% pa) 7.00 2023 yearly 1986 - 2023
Nepal (% pa) 7.00 Feb 2024 monthly Jul 2003 - Feb 2024
Netherlands (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 22.75 Feb 2024 monthly Dec 2006 - Feb 2024
Norway (% pa) 4.50 Feb 2024 monthly Jan 1991 - Feb 2024
Oman (% pa) 6.00 Feb 2024 monthly May 2007 - Feb 2024
Pakistan (% pa) 23.00 Feb 2024 monthly Feb 1992 - Feb 2024
Paraguay (% pa) 6.25 Feb 2024 monthly Jul 2010 - Feb 2024
Peru (% pa) 6.25 Feb 2024 monthly Sep 2003 - Feb 2024
Philippines (% pa) 7.00 Feb 2024 monthly Jun 2016 - Feb 2024
Poland (% pa) 5.75 Feb 2024 monthly Jan 2005 - Feb 2024
Portugal (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Qatar (% pa) 6.25 Jan 2024 monthly Mar 2003 - Jan 2024
Romania (% pa) 7.00 Feb 2024 monthly Jan 2003 - Feb 2024
Russia (% pa) 16.00 Feb 2024 monthly Sep 2013 - Feb 2024
Saudi Arabia (% pa) 6.00 Feb 2024 monthly Jan 2000 - Feb 2024
Serbia (% pa) 6.50 Feb 2024 monthly Jan 2001 - Feb 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Slovenia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
South Africa (% pa) 8.25 Feb 2024 monthly Nov 1999 - Feb 2024
Spain (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Sri Lanka (% pa) 9.00 Feb 2024 monthly Jan 1997 - Feb 2024
Sweden (% pa) 4.00 Feb 2024 monthly Jan 1987 - Feb 2024
Switzerland (% pa) 1.70 Feb 2024 monthly Jun 1999 - Feb 2024
Syria (% pa) 5.00 Feb 2024 monthly Jan 1962 - Feb 2024
Taiwan (% pa) 1.88 Jan 2024 monthly Jul 1961 - Jan 2024
Tajikistan (% pa) 9.50 Feb 2024 monthly Jun 1995 - Feb 2024
Thailand (% pa) 2.50 Feb 2024 monthly May 2000 - Feb 2024
Tunisia (% pa) 8.00 Feb 2024 monthly Jan 2000 - Feb 2024
Turkey (% pa) 45.00 Feb 2024 monthly Jun 1996 - Feb 2024
Ukraine (% pa) 15.00 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (% pa) 5.40 Feb 2024 monthly Nov 2007 - Feb 2024

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Thailand Key Series

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Includes 290 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) -1,558.046 Dec 2023 monthly Oct 2001 - Dec 2023
Tax Revenue (USD mn) 67,893.852 2022 yearly 1984 - 2022
Tax Revenue: % of GDP (%) 13.4 2022 yearly 1990 - 2022
National Government Debt (USD mn) 278,138.3 Jan 2024 monthly Oct 1997 - Jan 2024
Government Debt: % of GDP (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (THB bn) 5,065.690 2028 yearly 1995 - 2028
Forecast: Government Net Debt (THB bn) 13,689.050 2028 yearly 1996 - 2028
Forecast: Government Revenue (THB bn) 4,525.300 2028 yearly 1995 - 2028
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -2,757.9 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports (USD mn) 22,649.9 Jan 2024 monthly Oct 1990 - Jan 2024
Total Exports Growth (%) 10.2 Jan 2024 monthly Oct 1991 - Jan 2024
Aluminum: Exports (USD th) 1,568,630.600 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 435,513.625 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 196,247.335 2022 yearly 1995 - 2022
Total Imports (USD mn) 25,407.8 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) 2.8 Jan 2024 monthly Jan 1992 - Jan 2024
Imports: Medicament (USD th) 1,843,219.521 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,586,101.179 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,895.994 Jan 2024 monthly Jan 1971 - Jan 2024
Total Imports from USA (USD mn) 1,295.397 Jan 2024 monthly Jan 1971 - Jan 2024
Total Exports to China (USD mn) 2,234.927 Jan 2024 monthly Sep 1978 - Jan 2024
Total Imports from China (USD mn) 6,848.081 Jan 2024 monthly Apr 1974 - Jan 2024
MoC: Exports: Custom Basis (THB mn) 784,580.410 Jan 2024 monthly Oct 1990 - Jan 2024
MoC: Imports: Custom Basis (THB mn) 890,687.353 Jan 2024 monthly Jan 1991 - Jan 2024
MoC: Trade Balance: Custom Basis (THB mn) -106,106.943 Jan 2024 monthly Jan 1991 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,522.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance (USD mn) -190.5 Jan 2024 monthly Jan 1985 - Jan 2024
Current Account Balance: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Portfolio Investment (USD mn) -3,468.500 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -2.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,531.5 Sep 2023 quarterly Mar 1976 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,937.040 Sep 2023 quarterly Mar 1976 - Sep 2023
External Debt (USD mn) 190,055.1 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: % of GDP (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: Short Term (USD mn) 79,038.7 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: Short Term: % of GDP (%) 16.2 2022 yearly 1980 - 2022
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 32,690.870 Sep 2023 quarterly Mar 2012 - Sep 2023
BOP: USD: Current Account Balance (USD mn) -190.510 Jan 2024 monthly Jan 2005 - Jan 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 1,022.330 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Mining & Quarrying (THB mn) -1,975.540 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Construction (THB mn) 24,298.560 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Manufacturing (THB mn) 3,083.910 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Financial & Insurance Activities (THB mn) 20,435.520 Sep 2023 quarterly Mar 2005 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Non-Performing Loans (USD mn) 14,347.394 Dec 2023 quarterly Mar 1998 - Dec 2023
Money Supply M1 (USD mn) 86,011.340 Jan 2024 monthly Dec 1975 - Jan 2024
Money Supply M2 (USD mn) 722,605.288 Jan 2024 monthly Jan 1997 - Jan 2024
M2 Growth (%) 2.3 Jan 2024 monthly Jan 1998 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Feb 2024 monthly Sep 1997 - Feb 2024
Foreign Exchange Reserves (USD mn) 199,760.5 Feb 2024 monthly Jan 1993 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2024 monthly Jan 1991 - Jan 2024
Gold Reserves (USD mn) 15,993.030 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 502,675.779 Dec 2023 monthly Dec 2000 - Dec 2023
Total Deposits Growth (%) 0.9 Dec 2023 monthly Dec 2001 - Dec 2023
Domestic Credit (USD mn) 747,665.4 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 3.8 Jan 2024 monthly Jan 2004 - Jan 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.000 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 448.346 Sep 2023 quarterly Dec 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 869.949 Sep 2023 quarterly Mar 1957 - Sep 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 513,205.852 Dec 2023 monthly Jan 2007 - Dec 2023
Total Loans Growth (%) 0.58 Dec 2023 monthly Jan 2008 - Dec 2023
Private Debt: % of Nominal GDP (%) 171.36 Dec 2023 quarterly Mar 2011 - Dec 2023
MA: Quasi Money (THB mn) 22,509,962.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Narrow Money (NM) (THB mn) 3,041,361.000 Jan 2024 monthly Jan 1997 - Jan 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,551,323.000 Jan 2024 monthly Jan 1997 - Jan 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -3.6 Feb 2024 monthly Feb 2000 - Feb 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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