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The Bank of Thailand's Monetary Policy Committee unanimously raised the policy rate by 0.25 percentage point, from 1.50% to 1.75%, effective immediately. The committee projected growth of 3.6% in 2023 and 3.8% in 2024, driven by tourism and private consumption.
A tighter Thai policy rate supports the baht, which affects the cost of imported feed inputs and Thai demand for feed ingredients; the effect on grain and oilseed prices is limited.
bot.or.thMar 29, 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.
