# Baht Lags Asian Peers on Concerns Over Central Bank Autonomy

> The baht fell more than 1% to 34.739 per dollar on Tuesday, its weakest since August 19. The drop followed reports that a panel was set to pick former finance minister Kittiratt Na-Ranong, a vocal critic of the central bank's hawkish policy, to lead the Bank of Thailand.

- Date: 2024-11-12 · published 2024-11-12T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/27686-baht-lags-asian-peers-on-concerns-over-central-bank-autonomy
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Doubts about central bank independence and possible looser policy weaken the baht, which raises the cost of imported feed inputs priced in dollars for Thai buyers. The effect on global feed grain prices is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-11-12/baht-lags-behind-peers-on-concerns-over-central-bank-autonomy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.