The Bank of Thailand says it is confident about the baht's stability despite recent depreciation against the US dollar amid heightened external uncertainties.
Given the baht's resilience and Thailand's strong external fundamentals, the central bank's Monetary Policy Committee (MPC) sees no need to convene a special meeting, unlike its counterpart in Indonesia, said Chayawadee Chai-anant, assistant governor for corporate relations and spokesperson for the regulator.