# Thailand: A rate cut or two - what good will it do? | articles | ING THINK

> 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.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54385-thailand-a-rate-cut-or-two-what-good-will-it-do-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-a-rate-cut-or-two-what-good-will-it-do/

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