Baht may fall further as BOT still sees it expensive

Wednesday’s rate cut indicates the Bank of Thailand welcomes the baht’s weakness, Tokyo-based Fukaya says in a phone interview.

BANGKOK: The baht could remain under downward pressure as the central bank said the currency is not in line with economic fundamentals and there’s policy space left, according to Masakatsu Fukaya, an emerging-market currency trader at Mizuho Bank.

Wednesday’s rate cut indicates the Bank of Thailand welcomes the baht’s weakness, Tokyo-based Fukaya says in a phone interview.