Bank of Thailand holds rates, mulls moves to curb bahtBank of Thailand governor Setthaput Suthiwart-Narueput attends his first Monetary Policy Committee meeting, on Wednesday. The central bank held its key rate at 0.5% in a unanimous decision, saying it’s prepared to use additional monetary tools if necessary. Bank of Thailand Assistant Governor Titanun Mallikamas on Wednesday attributed the recent strength to risk-on flows into emerging markets. The government has wanted the central bank to temper the baht’s recent rally as it threatens exports. Finance Minister Arkhom Termipittayapaisith said Monday he’d discuss with the central bank possible measures to restrain the currency.

Source: Bangkok Post November 18, 2020 08:15 UTC