# Press Release on the Economic and Monetary Conditions for September and the Third Quarter of 2023

> The Bank of Thailand's September 2023 report said the Thai economy kept recovering, led by tourism, while private and public spending softened. Headline inflation fell in all major categories, helped by lower fresh food prices and government electricity and diesel subsidies. The current account posted a surplus, mainly from a better trade balance.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/33919-press-release-on-the-economic-and-monetary-conditions-for-september-and-the
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Lower Thai food and energy inflation and a trade surplus point to a stable baht backdrop for regional feed importers, with little direct effect on feed commodity prices.

## Read by commodity

- USDTHB: neutral

## Sources

- bot.or.th: https://www.bot.or.th/en/news-and-media/news/news-20231031.html

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