The central bank said on Thursday it did not see a big impact on foreign trade and investment from being put on a US currency watch list, nor should it impede its ability to conduct macroeconomic policies to safeguard domestic stability.
The comment came after Washington put Thailand on its watch list of countries suspected of taking measures to weaken their currencies against the dollar.
The Bank of Thailand had conducted two-way intervention only to ride out baht volatility and had no intention to do use the exchange rate to gain an unfair trade advantage and competitiveness over trading partners, assistant governor Chantavarn Sucharitakul said in a statement.
“At this stage, the assessment is not expected to have a material impact on Thailand’s international trade, as well as the prospect for foreign direct investment into…
