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The Thai baht rose more than 1% on August 1 ahead of a Bank of Thailand policy meeting. The central bank had signaled a likely first rate hike since 2018, which analysts expected to be a 25 basis point move.
Inflation was seen peaking in the current quarter.
A firmer baht lowers the local-currency cost of imported feed ingredients, although the expected hike is largely priced in.
bangkokpost.comReutersAug 1, 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.
