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Central bank defends its role

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The Bank of Thailand (BoT) on Friday issued a statement defending its role in stabilising the country’s economy and monetary system. 

The statement said current news reports could be confusing to people and erode public confidence in the central bank, adding that it wants the public to understand its independent role in overseeing the foreign exchange rate and using the policy rate to boost economic growth.

The bank gave an assurance that it will perform its duty in line with the principles and standards acceptable to the international community, with the aim of stabilising the economy and the monetary system - as it has been doing for more than 70 years.

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