# Thai central bank to raise rates by 25 basis points on Aug. 2, ending tightening cycle

> 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.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/35302-thai-central-bank-to-raise-rates-by-25-basis-points-on-aug-2-ending-tightening
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/thai-cbank-hike-rates-by-25-bps-aug-2-ending-tightening-cycle-2023-07-27/

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