Thailand's Thaksin raps central bank on volatility

THAILAND - Prime Minister Thaksin Shinawatra yesterday took the Bank of Thailand to task for allowing "excessive volatility" in the exchange rate of the baht to the possible detriment of exporters.

He told Finance Minister Somkid Jatusripitak that the central bank should take greater steps to curb swings in the value of the currency.

Mr Thaksin said the baht should move in line with market forces, but that care should be taken that fluctuations were not excessive or guided by speculators.

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