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The Bank of Thailand's Monetary Policy Committee was widely expected to keep its 1.5% policy rate unchanged. ING forecasts no policy change all year.
It attributes baht strength to a current account surplus of about 11% of GDP and projects USD/THB at 31.0 by year-end versus spot at 31.5.
A stable policy rate and a projected firmer baht lower the baht cost of dollar-priced feed imports. The effect on world grain and meal prices is small.
think.ing.comFeb 14, 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.
