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The Bank of Thailand cut its policy rate by 25 basis points to 0.75% in an emergency move, and is expected to ease again at this week's scheduled meeting. ING argues further cuts will do little for an economy already weighed down by weak domestic demand and external shocks.
Lower Thai rates weaken the baht, which can make Thai feed and food exports cheaper abroad but raises import costs for feed ingredients priced in dollars.
think.ing.comMar 23, 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.
