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The Bank of Thailand is set to raise its policy rate by 25 basis points on August 2, which would end its tightening cycle. Headline inflation eased to 0.23% in June, below the central bank's 1%-3% target range, but the bank expects prices to pick up later in the year.
Higher Thai rates tend to support the baht and make dollar-priced feed imports slightly cheaper in local terms. The effect on global feed prices is minor.
reuters.comAnant ChandakJul 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.
