Kittiratt's weaker-baht policy under fire | Bangkok Post: news

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Kittiratt's weaker-baht policy under fire

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Bank of Thailand governor Prasarn Trairatvorakul has joined the mounting voices opposing the policy to weaken the value of the baht signalled by Finance Minister Kittiratt Na-Ranong. 

Bank of Thailand governor Prasarn Trairatvorakul (Photo by Apichit Jinakul)

Mr Kittiratt, also deputy prime minister for economic affairs, said on Wednesday that he wants the Thai currency to depreciate to a range of 32 to 34 per US dollar to help exporters and spur the economy, and that the BoT should lower its key policy rate, now at three per cent.

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