Economics
Thailand Likely to Act Again on Baht, Finance Minister Says
- Recent rules only ‘first step,’ but capital controls unlikely
- Surging currency emerging as a threat to key exports sector
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Recent measures from the Bank of Thailand that aim to restrain the surging baht will likely be followed by “further strict” steps, but policy makers are unlikely to impose outright capital controls, Thai Finance Minister Arkhom Termpittayapaisith said.
“I think that’s only the first step,” Arkhom told Bloomberg Television, referring to the Bank of Thailand’s Nov. 20 move to ease rules on capital outflows. “I’m sure the central bank will do more measures on that.”