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UOB economist Barnabas Gan said the resurgent virus wave is weighing on the baht and a downgrade to Thailand's growth outlook will add pressure near term, so USD/THB is expected to keep a modestly higher trajectory. He expects the Bank of Thailand to hold its policy rate at 0.5% and sees fiscal measures as the main tool, with public debt forecast to rise to 57% of GDP by end-2021.
A weaker baht raises the cost of imported feed ingredients priced in dollars for Thai buyers, while the outlook for rates and fiscal support shapes local demand for feed.
octaafrica.netApr 30, 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.
