# Monetary Policy Committee’s Decision 2/2023

> 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.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/37130-monetary-policy-committee-s-decision-2-2023
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bot.or.th: https://www.bot.or.th/en/news-and-media/news/news-20230329-1.html

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