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Bank of Thailand governor Veerathai Santiprabhob said the baht has appreciated faster than economic fundamentals justify. He added that further interest rate cuts are no longer an effective remedy.
Signals that the central bank may not cut rates further to weaken the baht, so currency strength could persist. A strong baht affects Thai import costs for feed ingredients.
bangkokpost.comDarana ChudasriNov 23, 2019Not 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.
