Thai governor hankers for return to ‘normal' monetary policy

Prasarn Trairatvorakul

The Bank of Thailand wants to maintain a floating exchange rate in the medium term, despite standing ready with new tools to act against short-term volatility in currency markets, according to its governor, Prasarn Trairatvorakul.

Extraordinary levels of quantitative easing (QE) in the US and Japan, interspersed with a market expectation that the Fed would cut back on its asset purchase programme in May and June, have caused the baht exchange rate to fluctuate dramatically against the US dollar

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