Ministry upbeat on baht rebound
The Finance Ministry expects the baht’s value to rebound in the second half this year, in line with the anticipated narrowing of the current account deficit, says a ministry source who requested anonymity.
According to Reuters, Bank of Thailand officials said yesterday the bank will let the baht move in line with market forces, but will manage any excessive volatility of the currency.
The current account deficit is expected to improve in the third and fourth quarters as more foreign tourists return to Thailand, said the ministry source.
Wichit Chantanusornsiri
