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The Bank of Thailand surprised markets by cutting its policy rate to 1.5% amid slowing growth and the U.S.-China trade war. The baht weakened immediately to 30.89 per dollar before partly recovering, and analysts warned of competitive easing across the region.
Lower Thai rates reduce the baht's carry appeal and tend to raise the dollar price of the baht, which increases the local cost of imported feed ingredients. Competitive easing by other central banks could limit that effect.
nationthailand.comAug 7, 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.
