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Bank of Thailand senior director Don Nakornthab said the central bank is unafraid of capital outflows and has US$213 billion in reserves to cushion currency volatility. He said the policy rate is likely to stay at 1.5% this year.
Thai policy holding rates while the baht stays strong keeps the currency pressure on rice and other Thai exports, with little direct effect on feed grain prices.
themalaysianreserve.comMar 8, 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.
