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The Bank of Thailand raised its one-day repurchase rate by 25 basis points to 1.75%, its first increase since 2011, on a 5-2 committee vote. The central bank said it aims to curb financial stability risks and rebuild policy room, and that the hike does not signal a series of further increases.
Higher Thai rates raise financing costs for local livestock and feed operators, which can slow demand for feed inputs. The baht impact is modest because the move was widely expected.
bangkokpost.comPost ReportersDec 19, 2018Not 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.
