The Bank of Thailand’s latest decision to increase its policy rate, to the highest level in 10 years, is expected to lead to another round of rising financial costs among manufacturers amid baht depreciation, says the Federation of Thai Industries (FTI).
Analysts said earlier that the baht may become weaker this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s comments regarding its benchmark interest rate.
The baht slid continuously late last month as both the dollar and US 10-year bond yields continued…
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