Baht at 8-day low | Bangkok Post: business

Business > News

Baht hits 8-day low

- +

The baht dropped Tuesday to its lowest in more than a week on speculation the Bank of Thailand will cut interest rates next week to slow fund inflows that helped fuel a 2.3 per cent rally in the currency this year. Bonds fell. 

Finance Minister Kittiratt Na-Ranong said Jan 25 that lower interest rates would discourage inflows into the country. He urged the central bank to employ measures to prevent the baht from rising or falling sharply.

There is concern the strong baht will hurt tourism and exports, he said Jan 31. The Bank of Thailand is to review interest rates on Feb 20.

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

2 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