# Thai policy rate is right for now, Mideast war is a concern, central-bank chief says

> Thailand's central bank governor said the current policy rate is appropriate for now and that Middle East conflict is a concern. The baht has fallen about 4.4% against the dollar this year, more than its regional peers, due to external factors and capital outflows.

- Date: 2023-10-28 · published 2023-10-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/33921-thai-policy-rate-is-right-for-now-mideast-war-is-a-concern-central-bank-chief
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht raises the cost of imported feed ingredients priced in dollars for Thai buyers, while the central bank's steady stance limits further near-term currency moves.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/thai-policy-rate-is-right-now-mideast-war-is-concern-cbank-chief-2023-10-28/

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