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Baht drops slightly after central bank’s ‘warning shot’

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Thai Baht coins

Thai Baht coins. Photo: anan2523 (Pixabay).

The central bank’s move to curb the rising baht is just a warning shot and will have little impact on the currency’s value or on the bond and stock markets, analysts said.

The Bank of Thailand (BOT) took the first step on Friday by reducing the amount of baht accounts held by foreign investors and called on financial institutions to provide reports on foreign investors holding debt securities issued in Thailand.

Full story: The Nation

By Wichit Chaitrong
The Nation

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