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Bangkok Post
Bangkok Post
Business

Baht falls as BoT remains dovish, Asian stocks rise

Bank of Thailand governor Sethaput Suthiwartnarueput says policy rate hikes would be gradual. (Reuters file photo)

The baht extended losses on Friday after the country's central bank said inflation was under control and that future rate hikes would be strictly data-driven, bucking a firmer trend among regional currencies.

The baht fell 0.4% after Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said inflation would peak in the third quarter before returning to the target range next year.

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