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)

Boonma wins second Asian Tour golf title in Bangladesh

Thailand's Danthai Boonma won his second Asian Tour title when he triumphed at the US$400,000 Bangabandhu Cup Golf Bangladesh Open in Dhaka on Sunday.

21:45

'Little by little': Ukraine grinds away on the northeastern front

KHARKIV REGION, Ukraine: The motivation to keep fighting the Russians is simple for Viking, a Ukrainian soldier near the northeastern frontlines as cold weather and artillery onslaughts bogs down both sides. He wants revenge.

20:45

Taiwan elections set stage for tighter presidential race in 2024

Taiwan is set for a more contentious presidential race focused on rising tensions with China, after low turnout in local elections handed China-skeptic President Tsai Ing-wen’s party historic losses.

19:08