Thailand’s central bank has the necessary policy tools to handle the strengthening of the baht, the finance minister said on Monday, as the currency hit its highest level in more than 10 months against the US dollar.
The baht’s strength has been driven by foreign inflows, partly due to optimism over the fundamentals of Southeast Asia’s second-largest economy, Arkhom Termpittayapaisith told reporters.
After discussing the baht with the Bank of Thailand, Mr Arkhom said the central bank should have the policy measures to manage it.
“In managing the baht, monetary policy and fiscal policy must go together… and what to be aware of during capital inflows is…
