BoT to let baht move freely
- Published: 20 Jun 2013 at 16.40
- Online news:
The rapid outflow of foreign capital has yet to end but the Bank of Thailand will allow the baht to move freely in line with money market mechanisms, BoT deputy governor for monetary stability Pongpen Ruengvirayudh said on Thursday.
Ms Pongpen was responding to the announcement the US Federal Reserve would gradually slow down its quantitative easing measure (QE) later this year and would end it in mid-2014, if the US economy improves.
She said the US Fed’s declaration made its policy clear to the international community, different from its previous uncertain stance on the QE measure.
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