Thai central bank says baht movement tracking region, ready to act if necessary

BANGKOK: Thailand’s central bank on Thursday said the movement of the baht has had limited impact on inflation and the economy, after the currency reached a 5-year high on Thursday.

“The Bank of Thailand is closely monitoring the situation and is ready to take care of the baht if necessary,” Alisara Mahasandana said.

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It was not necessary to use interest rates to manage the baht because it was moving in line with regional currencies and has not had a significant impact on inflation or the economy, she said. Reutrs