Fast fall in baht could cause problems for economy: central bank
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says