Central bank pledges no baht intervention unless necessary | Bangkok Post: business

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Central bank pledges no baht intervention unless necessary

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The Bank of Thailand will intervene in the foreign exchange market if the baht moves too much out of line with the economy or regional currencies. 

Governor Prasarn Trairatvorakul said the central bank must ensure the baht does not impede exporters' competitiveness amid a rising trend of foreign capital inflows, but firms will need to adjust to the currency's appreciation and volatility.

The country needs to push ahead with improving industrial and manufacturing competitiveness if it wants the baht to appreciate unfettered, he said.

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