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The Bank of Thailand cut its policy rate 25 basis points to 1 percent on February 5, citing coronavirus risks to growth and tourism. Officials also pointed to a delayed budget and drought as drags on the economy, and expect growth well below potential in 2020.
Lower rates weaken the baht and signal weaker Thai demand, including for imported feed inputs. The drought mention points to possible crop and feed-availability pressure in Thailand.
centralbanking.comRachael KingFeb 5, 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.
