The Bank of Thailand (BoT) is ready to consider necessary measures to prevent strength in the baht from adding to fragility in the economy, Mathee Supapongse said in a statement.
BANGKOK: Thailand’s central bank is worried that a rapid rise in the baht may not be in line with economic conditions which remain fragile due to the impact of the coronavirus outbreak, a deputy governor says.
The Bank of Thailand (BoT) is ready to consider necessary measures to prevent strength in the baht from adding to fragility in the economy, Mathee Supapongse said in a statement.
The baht has strengthened at a faster pace than most Asian currencies over the past two weeks helped by slowing coronavirus infections and better-than-expected first quarter economic figures, he said.
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