BANGKOK, 15 May 2013 The government has pledged to tackle the appreciation of the Thai baht by discussing the situation with the Bank of Thailand on a continual basis.
Prime Minister Yingluck Shinawatra said the cabinet has authorized Finance Minister Kittiratt Na-Ranong to press ahead with continuous meetings with representatives from the central bank and the government and private sectors in order to address the baht problem and stabilize the currency. The Prime Minister said she did not mind the different tactics both the central bank and the Finance Ministry are taking. She only hoped their difference would lead to a similar goal.
Speaking after his meeting with the Finance Minister and private sector representatives, Bank of Thailand governor Prasarn Trairatvorakul said the central bank will consider cutting the policy rate, only after the economic data for the first quarter of this year is published later this month.