# Thailand cuts rates as coronavirus threatens growth prospects - Central Banking

> 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.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/54846-thailand-cuts-rates-as-coronavirus-threatens-growth-prospects-central-banking
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/financial-stability/4701181/thailand-cuts-rates-as-coronavirus-threatens-growth-prospects

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