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Bangkok Post
Bangkok Post
Business

UNBELIEVABLE: Fti counsels mpc on rate - The Untold Story

The Bank of Thailand needs to determine an appropriate policy rate today amid growing concerns the baht value may fall to 39 to the US dollar, says the Federation of Thai Industries (FTI).

The plunge in baht value not only worries importers of oil and raw materials, said FTI chairman Kriengkrai Thiennukul, but it could also cause problems for the country's trade deficit.

The baht depreciated to 37.75 per dollar on Monday, a 16-year low.

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