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Bangkok Post
Bangkok Post
Business

MYSTERIOUS: Caught in a vicious currency cycle - You Need To See This

United States Bank of Thailand Thailand Kriengkrai Thiennukul Marisa Sukosol Nunbhakdi Sethaput Suthiwartnarueput Inflation MPC US Federal Reserve Interest Rates
A man walks past an electronic board displaying forex prices at a currency exchange on Sept 30. (Photo: Pornprom Satrabhaya)

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Yet market analysts point out there are several good reasons for the central bank to proceed cautiously in its embrace of interest rate increases as they could dampen the projected economic recovery.

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