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The Bank of Thailand held its one-day repo rate at 1.5% near a record low, rejecting Finance Ministry calls for easing. The central bank raised 2017 and 2018 growth forecasts and cut inflation projections.
Inflation was 0.3% in August, below the 1% to 4% target band.
A steady policy rate keeps the baht supported relative to expectations of easing, which can reduce the local-currency cost of imported feed ingredients less than a cut would; the effect on global feed prices is minor.
themalaysianreserve.comDayang NorazharSep 28, 2017Not 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.
