Bank of Thailand prepares to counter rising baht
The Bank of Thailand has approved a "framework for exchange rate management", as the central bank comes under increasing pressure from the government to take action against the rising value of the Thai baht.
The currency has been appreciating against the dollar for some time, rising 5% in the past year. In the last week however, the baht fell 1.4% on the expectation that the central bank will start to resist capital inflows.
At the Bank of Thailand's regular monthly macroeconomic briefing, the
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