Baht gains most in a month
- Published: 8 May 2013 at 18.59
- Online news:
Thailand's baht rose the most in a month amid easing concern policy makers will curb capital inflows that drove the currency to a 16-year high last month.
Finance Minister Kittiratt Na-Ranong said on Tuesday that the baht is now more stable, adding he prefers an interest-rate cut as an "easy measure" to temper exchange-rate strength. The cabinet discussed four measures proposed by the Bank of Thailand aimed at slowing inflows and baht gains.
"The market has been waiting for any announcement on capital measures," said Wee-Khoon Chong, a Hong Kong-based strategist at Societe Generale SA. "But for now, no announcement is likely."
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