Economists: Worst may be over for Thai baht

Good standing: Sethaput on his visit to the Jackson Hole economic symposium in Wyoming, US. The central bank governor is overseeing a national current account that is supportive of the baht while Thailand’s real rates have turned firmly positive. — Bloomberg

BANGKOK: Thailand’s baht may be poised for a rebound as analysts bet that growth measures announced by newly appointed Prime Minister Srettha Thavisin will bear fruit.

Strategists at Ebury and Societe Generale SA expect the nation’s currency to rally to 34 per US dollar by the end of the year, which is more than 5% stronger than current levels.