Thailand's central bank in upbeat mood on economy

THAILAND - The Bank of Thailand is confident that deflation will not be an immediate concern. M.R. Pridiyathorn Devakula, the central bank governor, said the prevailing exchange rate of about 42.5 baht to the US dollar would not trigger inflation either.

While the baht had gained 4% on the dollar this year, the rate was less than the appreciation posted by currencies of major trade competitors such as Indonesia and South Korea.

But M.R. Pridiyathorn said export revenue had been affected by pric

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