Thailand won’t disrupt markets to curb baht: UttamaFinance Minister Uttama Savanayana speaks during the Hong Kong Asian Financial Forum (AFF) in Hong Kong, China, on Monday. (Bloomberg photo)Any measures authorities take to curb gains in the currency will not disrupt the “market mechanism” of the baht, Finance Minister Uttama Savanayana said on Monday. Economic growth is forecast by the central bank to reach 2.8% this year from a projected five-year low of 2.5% last year. The central bank has implemented a number of measures and reduced interest rates twice last year to curb the currency’s gains. Governor Veerathai Santiprabhob said last week the central bank will take further steps to ease restrictions on capital outflows in coming months.

Source: Bangkok Post January 13, 2020 10:41 UTC