Baht slide continues as Bank of Thailand sticks to its dovish and soft approach to interest rates
Thai Examiner - Thailand's news for foreigners por Thai Examiner
Notas del episodio
Bank of Thailand sticks to its guns and holds off on higher rate rises to protect the country’s economic recovery pushing the baht into a tailspin as it breached the ฿38 to the dollar barrier. Thailand’s borrowing rate currently stands at 1%, well below a 3% to 3.25% rate in the United States and peers in Southeast Asia.
Carla Boonkong reports from Bangkok.
Palabras clave
baht slides further with dovish rate policybaht falls through the 38 baht to the dollar as thailands central bank sticks to its dovish and gradual approach to raising interest rates