# BOT cuts policy interest rate while Thai baht strengthens with hopes for tourism recovery - Thai Enquirer Market Watch

> 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.

- Date: 2020-05-20 · published 2020-05-20T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/53402-bot-cuts-policy-interest-rate-while-thai-baht-strengthens-with-hopes-for
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- thaienquirer.com: https://www.thaienquirer.com/13308/bot-cuts-policy-interest-rate-while-thai-baht-strengthens-with-hopes-for-tourism-recovery/

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