Thailand
Thailand: BoT move on rising baht
Thailand: BoT move on rising baht
Thursday, 18 Aug 2016 – The Bank of Thailand has been using policy tools, including intervention in the currency market, to curb the rapid baht rise, says a senior central bank official. “The central bank has managed the baht value accordingly and [currency] intervention is one of its tools, said Jaturong Jantarangs, an assistant governor of the monetary policy group and the Monetary Policy Committee (MPC) secretary. He declined to comment on whether the central bank had stepped up its intervention effort recently, only stating yesterday’s baht depreciation was a result of William Dudley, the president of the New York Federal Reserve, hinting at a possible interest rate normalization in September. Read More?