BANGKOK: The Bank of Thailand (BoT) has reiterated its concern about the baht’s persistent strength, but said cutting the key interest rate may have only a limited impact in dealing with the currency’s ascent and instead flagged a preference for using a range of tools.
The bank plans to ease rules on money outflows by giving more flexibility for portfolio investment by Thai investors, deputy governor Mathee Supapongse said at a briefing in Bangkok. Reducing the bond supply is also among the tools officials are ready to use, according to governor Veerathai Santiprabhob.