# Monetary Policy Committee’s Decision 6/2022

> The Bank of Thailand's Monetary Policy Committee unanimously raised its policy rate by 0.25 percentage point, from 1.00% to 1.25%, effective immediately. The central bank said tourism and private consumption are driving the recovery and that inflation is expected to decline back into the target range within 2023. It also projected growth of 3.2% in 2022, 3.7% in 2023 and 3.9% in 2024.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/38966-monetary-policy-committee-s-decision-6-2022
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A higher Thai policy rate supports the baht by attracting capital inflows, which lowers the local cost of dollar-priced feed imports. Its direct effect on global grain and feed prices is small.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bot.or.th: https://www.bot.or.th/en/news-and-media/news/news-20221130-2.html

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