# Bangkok Post - Bank of Thailand holds rate, cuts GDP forecast on Covid spike

> The Bank of Thailand held its policy rate at a record-low 0.5% by a 4-2 vote, with two members calling for a cut. It lowered its 2021 GDP growth forecast to 0.7% from 1.8%, citing the COVID outbreak. Quasi-lockdown measures now cover about 40% of the population.

- Date: 2021-08-04 · published 2021-08-04T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/45830-bangkok-post-bank-of-thailand-holds-rate-cuts-gdp-forecast-on-covid-spike
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weak growth outlook and an extended lockdown reduce Thai demand for feed and meat, which weighs on local feed ingredient demand. The rate decision itself has no direct grain price effect.

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2159931/bank-of-thailand-holds-rate-cuts-gdp-forecast-on-covid-spike

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