# Analysts worry about competitive easing as BOT cuts policy rate

> 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.

- Date: 2019-08-07 · published 2019-08-07T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/57870-analysts-worry-about-competitive-easing-as-bot-cuts-policy-rate
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30374413

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