Weaker baht called a blip as capital inflows continue | Bangkok Post: business

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Weaker baht called a blip as capital inflows continue

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The weaker baht of recent weeks cannot be sustained, as monetary easing by major economies is still prompting funds to flow to anywhere offering higher returns, says the Finance Ministry. 

Somchai Sujjapongse, director-general of the Fiscal Policy Office, said recent meetings between the Bank of Thailand and the ministry have created a psychological impact on the currency.

Investors are betting that measures to tame capital inflows and the baht's rise are just around the corner, he said.

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