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New Thai finance minister says will not interfere in central bank policy

Published 07/19/2019, 12:55 AM
Updated 07/19/2019, 01:01 AM
© Reuters.  New Thai finance minister says will not interfere in central bank policy

BANGKOK (Reuters) - Thailand's new finance minister said he will not interfere in the central bank's monetary policy decisions and will let it handle the strengthening baht currency. .

The ministry plans to introduce economic stimulus measures after the government has announced its policies in parliament next week, Uttama Savanayana told reporters.

The baht has appreciated about 5.9% against the dollar so far this year, threatening the export-dependent economy and its pivotal tourism.

Latest comments

Tourism down 80% Baht up 5% but workers still paid very little and cost of living has increased - see what stimulus does although currently looking very weak indeed
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