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The Bank of Thailand is not expected to cut rates again in 2020, after the baht strengthened about 7.8% against the US dollar that year. The bank has already introduced measures to cool appreciation pressure on the currency.
Holding rates steady leaves the baht supported, which lowers the local cost of dollar-priced feed imports. Currency strength also erodes Thai export competitiveness.
bangkokpost.comFitch SolutionsNov 18, 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.
