Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday. The Bank of Thailand (BOT) remains worried about the impact of the strength of the baht on Southeast Asia’s second-largest economy and will consider implementing additional measures as needed, according to minutes of its Sept. 25. The baht is Asia’s best performing currency so far this year, up 7.3% against the U.S. dollar, driven by Thailand’s hefty current account surplus and fund inflows. …read more
Source:: Yahoo Finance
