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The Bank of Thailand raised its policy rate from 1.50% to 1.75% on Wednesday, the first increase since 2011, after keeping it unchanged since April 2015. The 5-2 vote followed repeated discussion of tightening at recent meetings, and economists expect one more hike in the first half of 2019.
The move was largely priced in, so its direct effect on feed-relevant markets is limited. Tighter Thai policy could modestly slow domestic credit-driven demand for feed.
bangkokpost.comSomruedi BanchongduangDec 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.
