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Former finance minister Korn Chatikavanij urged the Bank of Thailand to hold an emergency meeting and raise its 0.5% benchmark rate to narrow the gap with US rates. He said the bank may need to hike by 50 basis points or more this year.
A central bank rate hike would narrow the rate gap with the US and could support the baht, lowering the local cost of USD-priced feed imports.
bangkokpost.comBloombergJun 23, 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.
