# Thai c.bank holds key rate as expected, PM disagrees

> 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.

- Date: 2024-02-07 · published 2024-02-07T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/31956-thai-c-bank-holds-key-rate-as-expected-pm-disagrees
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/asia/thai-cbank-holds-key-rate-250-expected-2024-02-07/

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