BoT prepares more baht measures

BoT prepares more baht measures

Moves target both short and long terms

The Bank of Thailand stands ready to implement additional measures to manage the strengthening baht under a targeted policy, on both a short-term and long-term basis.

The central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects the fragile economic recovery.

“The Bank of Thailand has several instruments to manage the baht. We will consider additional targeted measures and implement them continuously to manage the exchange rate for both the short and long term,” said MPC secretary Titanun Mallikamas.

The central bank has continued to manage the movement of the exchange rate reflecting rising international reserves. Thailand’s foreign reserves…