# Thai central bank intervenes to stabilise currency

> The Bank of Thailand said it had intervened in currency markets at times to curb excessive moves in the baht. The baht traded around 36.9 per dollar after falling past 37 on April 22 and 23. Assistant governor Piti Disyatat said the current policy rate was close to neutral and the central bank was ready to adjust it if needed.

- Date: 2024-04-27 · published 2024-04-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/31031-thai-central-bank-intervenes-to-stabilise-currency
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Central bank intervention limits short-term baht volatility, which steadies the local cost of imported feed inputs. The policy stance signals no immediate rate change that would alter regional feed demand.

## Sources

- theinvestor.vn: https://theinvestor.vn/thai-central-bank-intervenes-to-stabilise-currency-d9799.html

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