# BOT expected to hike key interest rate

> Standard Chartered expects the Bank of Thailand to raise its policy rate by 25 basis points from 1.50% to 1.75% in November, with no further hike in December. The forecast reflects concern about the pace of baht appreciation and the Federal Reserve's tightening path. The baht weakened to 33.30 per dollar, its lowest in eight weeks.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/62795-bot-expected-to-hike-key-interest-rate
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher Thai rates and a firmer dollar tend to pressure emerging-market currencies, raising the cost of dollar-denominated feed imports. The effect on grain and meal prices is modest.

## Read by commodity

- DXY: bullish ▲
- USDTHB: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-08-31 | [Fed expected to hold interest rates steady next month](https://feedsoft.ai/events/34478-fed-expected-to-hold-interest-rates-steady-next-month.md) | +1.8% | +2.3% |
| DXY | 2018-09-18 | [Hike in US interest rate to put pressure on ringgit](https://feedsoft.ai/events/63306-hike-in-us-interest-rate-to-put-pressure-on-ringgit.md) | -0.3% | -0.0% |
| DXY | 2018-09-28 | [Ringgit, KLCI down after US interest-rate hike](https://feedsoft.ai/events/63304-ringgit-klci-down-after-us-interest-rate-hike.md) | +0.6% | +1.3% |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2017-12-13 | [How an expected U.S. interest rate increase will affect Canadians: Don Pittis](https://feedsoft.ai/events/67691-how-an-expected-u-s-interest-rate-increase-will-affect-canadians-don-pittis.md) | -0.4% | -1.8% |

## Sources

- nationthailand.com: https://www.nationthailand.com/business/30357539

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