Thai central bank and government divided over rates

The rapid appreciation of the Thai baht that has divided the central bank and government is "part of the rebalancing" in the country and in Asia, according to the director of the IMF's Asia-Pacific department, Anoop Singh.

Discussing the IMF's Asia and Pacific Economic Outlook today, Singh said countries in the region should respond to increasing capital inflows by directing them into foreign direct investment and the building of infrastructure. The Thai economy, he noted, has responded well to