BANGKOK (Reuters) - Thailand's central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and ...
BANGKOK - Thailand's central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said in remarksBANGKOK - Thailand's central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export and tourism sectors, the prime minister said in remarks aired on Thursday, as the baht hit multi-month lows.
The Thai currency's depreciation was driven by capital outflows due to interest rate differentials, Srettha told reporters. The baht traded at 36.16 per dollar at 0615 GMT, after hitting a more than 10-month low of 36.32 on Wednesday. The unit has weakened by 4.4% against the greenback so far this year.
Southeast Asia's second-largest economy has seen weaker than expected exports, which might fall 1% to 2% this year, with economic growth expected at 2.8%, less than earlier projected.
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