# Bangkok Post - Thai baht soars 1% on rate hike drum roll

> 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.

- Date: 2022-08-01 · published 2022-08-01T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/40311-bangkok-post-thai-baht-soars-1-on-rate-hike-drum-roll
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A firmer baht lowers the local-currency cost of imported feed ingredients, although the expected hike is largely priced in.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2358691/thai-baht-soars-1-on-rate-hike-drum-roll

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