BOT urges hedging to counter unpredictable baht

A handful of Thai baht coins

A handful of Thai baht coins. Photo: Saranya Chawanrattanasakul / flickr.

The Bank of Thailand (BOT), under pressure to make a further cut to its policy rate, has warned businesses that the stubbornly strong baht could move in either direction despite this week’s action to reduce the benchmark rate.

The central bank’s assistant governor, Chantavarn Sucharitakul, on Friday issued the statement that the currency could move up or down as a caution to those worried about a further strengthening of the currency.

Full story: The Nation

By The Nation

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