# Bangkok Post - Rate cut will not slow baht appreciation

> Kasikornbank says a possible further 25 basis point Bank of Thailand rate cut before year-end will not significantly slow the baht's appreciation. The bank projects the baht could fall below 30 per dollar by mid-next year.

- Date: 2019-10-24 · published 2019-10-24T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56850-bangkok-post-rate-cut-will-not-slow-baht-appreciation
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Persistent baht strength raises the cost of Thai farm exports, which can affect Asian rice and feed-ingredient export pricing. The effect on global feed prices is modest.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- bangkokpost.com: https://www.bangkokpost.com/business/general/1779294/rate-cut-will-not-slow-baht-appreciation

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