Kittiratt discourages baht intervention | Bangkok Post: business

Business > News

Kittiratt discourages baht intervention

- +

Finance Minister Kittiratt Na-Ranong said on Thursday the Bank of Thailand should avoid intervention that fights against market forces to stem the baht's appreciation even as he pushes for a weaker currency. 

Kittiratt Na-Ranong (Photo by Patipat Janthong)

"We have to accept the fact that the exchange rate will be determined by the market," Mr Kittiratt said in an interview in Bangkok before flying to Davos, Switzerland, to attend the World Economic Forum. "I don't think any unreasonable intervention will work or be right for the situation."

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

8 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments