Government monitoring unusual rise of Thai Baht

Thailand News Breaking News

Thailand News Breaking News. Image: TN.

BANGKOK, 11 April 2013 (NNT) – The Bank of Thailand (BoT) has been instructed by the government to keep an eye on the influx of foreign capital as Thai Baht is rising at an unusual pace.

According to BoT President Prasarn Trairatvorakul, Prime Minister Yingluck Shinawatra has called a meeting with relevant agencies to ease impacts on SMEs from the rising Baht, said to be the highest in 16 years.

The BoT and the Ministry of Finance have been instructed to monitor the influx of foreign capital to prevent foreign investors from taking advantage of the situation. The BoT President said that there is no need to adjust down the policy interest rate for the moment, reaffirming that the Baht is still under control.

Read more: NNT

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