BOT worried as baht continues upward streak, vows ‘extra measures’
The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term inflows just as the currency rose again today (June 1).
Deputy governor Mathee Supapongse said today that the baht has been rising faster than economic fundamentals in the past two weeks due to the Covid-19 situation in Thailand being better than other countries and as economic numbers in the first quarter were better than markets had expected.
The Nation Reporter
