# The almighty baht set to fall further despite rate cuts, stimulus | Thaiger

> The baht is expected to fall further after the Bank of Thailand cut rates to a record low of 0.75%, with the currency already down over 9% this year. Slowing growth, the worst drought in decades, and a delayed government budget add to the pressure.

- Date: 2020-03-25 · published 2020-03-25T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/54388-the-almighty-baht-set-to-fall-further-despite-rate-cuts-stimulus-thaiger
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A sharply weaker baht raises the dollar cost of imported feed inputs for Thai buyers, while drought adds upside risk to local crop-based feed supplies.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thethaiger.com: https://thethaiger.com/hot-news/economy/the-almighty-baht-set-to-fall-further-despite-rate-cuts-stimulus

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