Thai Central Bank says ready to act on volatility in baht

BANGKOK: The recent fall in the Thai baht is in line with regional currencies, but the central bank is ready to act on excessive moves in the currency, a Bank of Thailand deputy governor said on Monday.

"We're still in line, but we may have more dollar buying from gold purchases. The central bank is ready to act if it's too volatile," Atchana Waiquamdee told reporters.

She added the central bank would monitor how the baht's weakness would affect inflation and said the central bank was worried about the global financial markets.

The baht was around 31.09 baht per dollar, around an eight-month low.