BoT concerned about baht overvaluation, minutes show
February policy meeting discussed need to ‘closely monitor’ currency’s movements
Bank of Thailand (BoT) officials have expressed concerns that the baht is overvalued and highlighted the impact this could have on businesses in the country, minutes from the bank’s most recent monetary policy meeting show.
According to the minutes, published on March 11, members of the monetary policy committee said during their February meeting that the baht appeared overvalued, “given the US Federal Reserve’s policy interest rate outlook and Thai-specific factors”. Because of this, they
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