BANGKOK: Thailand's central bank said on Monday it cut its supply of three-and six-month bonds at auctions in July, seen by traders as a bid to slow capital inflows and cap a strengthening baht currency.
The weekly supply of three and six-month bonds was cut by 5 billion baht ($163.67 million) for each tenor this month, compared with the previous month, it said in a statement. (For details, click on bond auctions https://www.bot.or.th/English/DebtSecurities/Auction/Schedule/Pages/default.aspx)
Last week, the Bank of Thailand said it was concerned about the strengthening of the baht and had tools to counter the upswing in the currency.
The baht, which hit a six-year high earlier on Monday, has appreciated by 6.5% against the dollar so far this year - the best performing currency in Asia.
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