Loading…
The baht fell below 37 per dollar, a key psychological level, as the Federal Reserve's aggressive rate hikes widened the interest-rate gap with Thailand. The Bank of Thailand raised its policy rate by 0.25 points to 1%, but some analysts said that was too little to stop the currency's slide.
Governor Sethaput defended the gradual approach.
Rapid baht depreciation raises the local-currency cost of imported dollar-priced feed ingredients, and some analysts see risk of a further slide toward 40 per dollar.
thaipbsworld.comThai PBS WorldOct 11, 2022Not 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.
