# Monetary Policy Committee’s Decision 5/2023

> The Bank of Thailand's Monetary Policy Committee voted unanimously to raise the policy rate by 0.25 percentage point to 2.50 percent on September 27, 2023. The committee projected 2023 growth at 2.8% and 2024 growth at 4.4%, with inflation expected to rise in 2024 partly due to El Niño-related supply pressure.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34374-monetary-policy-committee-s-decision-5-2023
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The El Niño supply pressure flagged by the central bank points to higher Thai food prices and possible weather-driven crop risk. Tighter policy and a firmer growth outlook support Thai feed and livestock demand but raise financing costs.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bot.or.th: https://www.bot.or.th/en/news-and-media/news/news-20230927-2.html

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