# Bangkok Post - No BoT rate cuts expected in 2020

> 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.

- Date: 2019-11-18 · published 2019-11-18T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56354-bangkok-post-no-bot-rate-cuts-expected-in-2020
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Holding rates steady leaves the baht supported, which lowers the local cost of dollar-priced feed imports. Currency strength also erodes Thai export competitiveness.

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1797149/no-bot-rate-cuts-expected-in-2020

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