# 'No excuses': Thai central bank rate cut intensifies pressure on PM to spur economy | Reuters

> Thailand's central bank cut its key interest rate on October 17, the first reduction in a long period, after months of pressure from the government. The move was aimed at supporting a slowing economy and easing pressure from a strong baht.

- Date: 2024-10-17 · published 2024-10-17T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/28147-no-excuses-thai-central-bank-rate-cut-intensifies-pressure-on-pm-to-spur
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Lower Thai rates could weaken the baht over time, modestly raising import costs for Thai feed buyers, though the direct effect on grain prices is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/no-excuses-thai-central-bank-rate-cut-intensifies-pressure-pm-spur-economy-2024-10-17/

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