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Thailand's central bank raised its policy rate for a fifth straight meeting, bringing the total hike to 125 basis points since August. March headline CPI came in at 2.83% year on year, below poll expectations.
The commerce ministry cut its 2023 inflation forecast to 1.7-2.7%.
Higher Thai rates tend to support the baht, which lowers the local cost of imported feed ingredients. Inflation easing reduces pressure on domestic feed and food costs.
livetradingnews.comShayne HeffernanApr 5, 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.
