Bank of Thailand governor Sethaput Suthiwartnarueput (BOT photo)
The Bank of Thailand is ready to handle baht volatility if fluctuations exceed the country’s economic fundamentals, says the central bank’s chief.
The baht has become more volatile, depreciating by 9% past 37 to the US dollar, said Bank of Thailand governor Sethaput Suthiwartnarueput at a seminar on Wednesday on Thailand’s economic health hosted by the Nation Group.
“The bank is monitoring the movement of the baht and is ready to take action if there is unusually volatile movement to avoid adjustments in the real economy,” Mr Sethaput said.
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