and is ready to take further action if necessary, a deputy central bank governor said on Tuesday.
“We have a lot of weapons ready, but there is no speculation from foreign investors yet,” he said, adding the central bank was monitoring the market closely. But the central bank is mindful of side-effects and limitations of currency intervention, as it may face trade protagonist measures from other countries, he said.
The central bank will further relax rules to spur outbound investment to help ease upward pressure on the baht, he said.
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