The Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation.
The ministry and BoT will discuss the baht’s weakness as the nation needs “to seek balance” in the currency, Finance Minister Arkhom Termpittayapaisith said late Tuesday. Mr Arkhom’s comments came after Deputy Prime Minister Prawit Wongsuwan told the ministry to closely monitor the currency.
