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The Bank of Thailand left its policy rate unchanged and did not signal any easing this year. The central bank said it would closely monitor the baht, which has depreciated about 11% against the dollar so far this year.
The baht is emerging Asia's worst-performing currency.
Holding rates steady keeps Thai borrowing costs high and supports the baht, which affects the cost of imported feed inputs in Thailand. The effect on global feed prices is minor.
reuters.comOrathai SriringSep 29, 2021Not 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.
