Bank of Thailand and government agree no intervention on hot baht | Bangkok Post: news

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BoT says it won't stem soaring baht

Prasarn doesn't see strength as unusual

  • Published: | Viewed: 5,828 | Comments: 17
  • Newspaper section: News
  • Writer: Parista Yuthamanop & Chatrudee Theparat
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The central bank and Finance Ministry have decided against "special" intervention to curb the soaring baht which hit a 16-year high Wednesday. 

The chart traces the adventures of the baht compared with the US dollar from May, 1997, just before the collapse of the currency, until now. (Chart by TradingEconomics.com, BangkokPost.com)

The decision was reached at a meeting of economic agencies to discuss the possible ramifications of the baht's inexorable rise on the economy.

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