# Thailand hikes rate for first time since 2018 to tame hot inflation

> 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.

- Date: 2022-08-10 · published 2022-08-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40308-thailand-hikes-rate-for-first-time-since-2018-to-tame-hot-inflation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/thailand-hikes-rate-first-time-since-2018-tame-hot-inflation-2022-08-10/

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