# Bank of Thailand catches markets off-guard | ING THINK

> The Bank of Thailand unexpectedly cut its policy rate by 25 basis points to 1.50%, with five of seven committee members voting for the move. A bank analyst said the cut would ease baht appreciation pressure but would not remove the currency's strength, and raised the end-2019 USD/THB forecast to 31.5 from 31.0.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/57866-bank-of-thailand-catches-markets-off-guard-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A lower Thai policy rate weakens the baht's yield appeal and tends to push USD/THB higher. This reduces the local-currency cost of dollar-priced imports for Thai buyers and feed-related purchases.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/bank-of-thailand-catches-markets-off-guard/

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