# Bangkok Post - BoT boss admits baht too high

> 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.

- Date: 2019-11-23 · published 2019-11-23T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56349-bangkok-post-bot-boss-admits-baht-too-high
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1800664/bot-boss-admits-baht-too-high

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