# Thai central bank holds rate steady, cuts growth outlook By Reuters

> The Bank of Thailand kept its one-day repurchase rate at 2.50%, ending a year-long tightening cycle, and cut its 2023 and 2024 growth forecasts. The central bank also flagged uncertainty over the government's 500 billion baht digital handout.

- Date: 2023-11-29 · published 2023-11-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/33443-thai-central-bank-holds-rate-steady-cuts-growth-outlook-by-reuters
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Rate policy and weaker growth outlook point to softer Thai domestic demand for feed and meat, while a steady policy rate has limited direct effect on feed prices.

## Sources

- investing.com: https://www.investing.com/news/economy/thai-central-bank-holds-key-rate-at-250-cuts-growth-outlook-3245375

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