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.

Do you like the content of this article?
COMMENT (9)

Elon Musk’s job cuts decimated Twitter team tackling child sexual abuse

Elon Musk has dramatically reduced the size of the Twitter Inc. team devoted to tackling child sexual exploitation on the platform, cutting the global team of experts in half and leaving behind an overwhelmed skeleton crew, people familiar with the matter said.

29 Nov 2022

UK summons China envoy after arrest of BBC journalist

Britain on Tuesday summoned the Chinese ambassador in London for a rebuke after the arrest and alleged assault of a BBC journalist covering Covid protests.

29 Nov 2022

Western allies to help Ukraine brave winter of war

BUCHAREST: NATO chief Jens Stoltenberg warned Tuesday that Russia was using winter as a "weapon of war" against Ukraine, as Western allies meeting in Bucharest planned to help Kyiv mend its ravaged power grid.

29 Nov 2022