Baht intervention necessary, says central bank chief
Too fast baht rise impacts exporters
The Bank of Thailand bank has intervened in a bid to stem a rise in the baht because the currency has appreciated too fast and impacted exporters, its governor said on Thursday.
The strength of the baht, driven by news about progress developing a coronavirus vaccine, had exacerbated the country’s fragile economic recovery, Bank of Thailand governor Sethaput Suthiwartnarueput told reporters.
The economy Southeast Asia’s second-largest economy, which is heavily reliant on tourism and exports,…