# Thailand: FX, Fiscal and Monetary policies – UOB — Octa

> 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.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/47874-thailand-fx-fiscal-and-monetary-policies-uob-octa
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/898113/

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