# Bangkok Post - Baht hits 13-month low on rate freeze, growth worries

> The baht slid to its lowest in over a year after the Bank of Thailand held rates at 0.5% and cut its 2021 growth forecast to 1.8% from 3%, citing tourism losses. Most other Asian currencies rose as Fed officials reassured markets that rates would not rise too quickly.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/46854-bangkok-post-baht-hits-13-month-low-on-rate-freeze-growth-worries
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

The currency and growth story is macro-driven and has little direct impact on grain or oilseed prices, so feed buyers should see only a minor change in Thai import costs.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/2137227/baht-hits-13-month-low-on-rate-freeze-growth-worries

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