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Bank of Thailand Governor Sethaput Suthiwartnarueput said on May 19, 2022 that Thailand does not need to raise rates following the Federal Reserve's hikes. He said the central bank would monitor baht volatility, which has been driven by external factors.
A policy hold while the Fed tightens widens the rate gap and keeps pressure on the baht, which can raise the cost of imported feed inputs for Thai producers.
bangkokpost.comReutersMay 19, 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.
