# Bank of Thailand to keep policy on hold | snaps | ING THINK

> 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.

- Date: 2018-02-14 · published 2018-02-14T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/66766-bank-of-thailand-to-keep-policy-on-hold-snaps-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/snaps/bank-of-thailand-to-keep-policy-on-hold/

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