Loading…
The Bank of Thailand's monetary policy committee voted 5-2 to hold its one-day repurchase rate at 2.50%, the highest in more than a decade. The baht was slightly weaker at 35.58 after the decision.
The article notes the prime minister disagreed with the hold.
Holding rates at a decade high keeps financing costs elevated in Thailand and does little to support the baht, a modest factor for dollar-priced feed imports into Thailand.
reuters.comOrathai Sriring, Kitiphong ThaichareonFeb 7, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
