Weakness in the baht is still in line with those of trade partners and competitors and the central bank is ready to intervene if the Thai currency weakens too much, Don Nakornthab, a senior director at the Bank of Thailand , said on the TAM-EIG YouTube channel.Don said if the baht weakens to 37 baht per dollar but still moves in line with regional peers, the monetary policy committee might overlook that as a factor in their decision because they usually watch currency competitiveness.
"Chances are quite high for a rate hike in August, but by how much, the committee will have to consider," Don said.
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