You are here

Thai govt hopes to see a weaker baht: Deputy PM

BahtRates170415.jpg
Thailand's government hopes to see a weaker baht although it would not intervene in the foreign exchange rate machanism, Deputy Prime Minister Pridiyathorn Devakula said on Friday.

[BANGKOK] Thailand's government hopes to see a weaker baht although it would not intervene in the foreign exchange rate machanism, Deputy Prime Minister Pridiyathorn Devakula said on Friday.

The Bank of Thailand will monitor the baht's direction, he told reporters.

The Thai economy is expected to expand by about 4.0 per cent in the second quarter from a year earlier, reflecting a possible recovery in exports during the period, he said.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom