Central bank to let baht move with market forces

Central bank to let baht move with market forces

The Bank of Thailand (BoT) said on Friday it would let the baht move in line with market forces, but would take action if there was excessive volatility in the currency.

Weakness in the baht has been moderate compared with regional currencies and mainly driven by a strong dollar, BoT senior director Daranee Saeju told a media briefing.

The central bank had no baht levels in mind, she said.

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