Loading…
The Bank of Thailand unexpectedly raised its key policy rate by 25 basis points on September 27, 2023. The baht pared losses after the decision and traded about 0.5% lower near 36.53 per dollar, down more than 5% year to date.
A stronger-rate, weaker-baht backdrop raises Thai import costs and tightens domestic credit, which can slow feed and livestock expansion. The baht and regional currency pressure can also shape Thai and Asian import demand for feed ingredients priced in dollars.
reuters.comOrathai SriringSep 27, 2023Not 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.
