# Bank of Thailand rebuffs govt by keeping rate on hold - The Malaysian Reserve

> 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.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/69226-bank-of-thailand-rebuffs-govt-by-keeping-rate-on-hold-the-malaysian-reserve
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/09/28/bank-thailand-rebuffs-govt-keeping-rate-hold/

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