ECONOMY
Central bank sets sights on balanced growth
Baht appreciation 'will help competitiveness'
- Published: 23 Jan 2013 at 00.00
- Newspaper section: Business
The Bank of Thailand has announced a cautious approach to foreign exchange policy and the need to find a balance for monetary policy in tackling inflation and preventing an asset bubble.
Governor Prasarn Trairatvorakul said the central bank would intervene less in the foreign exchange market but would take action if the baht has unusual short-term transactions.
The central bank expects increased interest among companies to invest abroad amid regional economic integration and greater liberalisation of fund flows that are expected to counter the baht's appreciation.
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