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The Bank of Thailand raised its one-day repurchase rate for the first time since 2018 to address high inflation. Consumer prices rose 7.61% in July from a year earlier, well above the central bank's 1-3% target range.
Energy prices were the main driver of the inflation.
Higher Thai rates raise financing costs for feed mills and livestock producers, and tighter policy can support the baht, which affects the local cost of imported feed.
reuters.comOrathai SriringAug 10, 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.
