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 BOT must cut policy rate close to zero to rein in baht’s appreciation

BOT must cut policy rate close to zero to rein in baht’s appreciation

November 22, 2020

The latest measures by the Bank of Thailand (BOT) designed to encourage capital outflows would have some impact on the value of the baht but they would not be effective in controlling the Thai currency's rise, said Anusorn Tamajai, a former BOT director and ex-dean of Rangsit University’s Faculty of Economics.

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