# Bangkok Post - Bank of Thailand should urgently hike rates: Korn

> 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.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/41225-bangkok-post-bank-of-thailand-should-urgently-hike-rates-korn
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2332438/bank-of-thailand-should-urgently-hike-rates-korn

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