The committee said the baht rose to Bt32. The baht appreciation, it added, stemmed from uncertainty caused by US tax reforms and short-term capital flows into the Kingdom. The government should address the issue of short-term capital inflows, the committee suggested, while small and medium-sized businesses should buy insurance to hedge against the currency appreciation. The committee, however, still expected exports to expand 9 per cent this year from the 6.5-7.5 per cent projected previously. The economy, it said, could expand 3.7-4 per cent after higher-than-expected growth of 4.3 per cent in the third quarter of this year.

Source: The Nation Bangkok December 06, 2017 09:41 UTC