Bank of Thailand voices concerns over baht appreciation

veerathai-santiprabhob-3-16
Veerathai Santiprabhob
Photo: yarexphotography.com

Thailand’s central bank has expressed concerns over the sharp appreciation of the Thai baht, and said it would intervene if the country receives unusually large capital inflows. 

The baht has strengthened by about 5% against the US dollar this year, making it the best-performing currency in Asia. 

“The monetary policy committee expressed concerns over the baht appreciation, which might not be consistent with economic fundamentals, and would continue to closely monitor developments of exchange

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