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Fast fall in baht could cause problems for economy: central bank

Thursday, July 23, 2015 - 17:39
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A rapid fall in Thailand's baht currency could cause problems for the real economic sector, a senior central banker said on Thursday.

[BANGKOK] A rapid fall in Thailand's baht currency could cause problems for the real economic sector, a senior central banker said on Thursday.

Assistant Bank of Thailand Governor Chantavarn Sucharitakul told reporters that there was no sign of unusual speculative activity during baht's sudden drop this week, but the central bank was monitoring the currency market closely.

The baht stood at 34.74 against the dollar on Thursday, having weakened by 2 per cent this week.

REUTERS

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