International Forum Asia 2020 in Bangkok on Nov 23. (Bangkok Post photo)
Recent measures from the Bank of Thailand that aim to restrain the surging baht will likely be followed by “further strict” steps, but policy makers are unlikely to impose outright capital controls, Finance Minister Arkhom Termpittayapaisith said.
“I think that’s only the first step,” Mr Arkhom told Bloomberg Television, referring to the Bank of Thailand’s Nov 20 move to ease rules on capital outflows. “I’m sure the central bank will do more measures on that.”
Currency strength has re-emerged as a key issue for the government after the baht reached a 10-month high against the US dollar in November, raising…
