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The Bank of Thailand's Monetary Policy Committee voted 4-3 to cut the policy rate by 25 basis points to 0.50%, citing a possible contraction in the Thai economy larger than previously expected. The baht strengthened as hopes for a tourism recovery grew.
Lower rates aim to support a deeply contracting economy, but the cut has limited direct effect on feed commodity prices. The stronger baht makes imported feed ingredients marginally cheaper for Thai buyers.
thaienquirer.comErich ParpartMay 20, 2020Not 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.
