BoT boss admits baht too high

24 November 2019
Bangkok Post
Economy and commerce
baht / financial stability risk / interest rate cuts / policy interest rate

Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer “strong medicine” that can cure it.

The central bank governor on Saturday expressed concern over the currency’s strengthening — the most rapid in the region — saying it is not consistent with economic fundamentals.

Keep reading…

 Darana Chudasri

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BoT boss admits baht too high

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