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Thai Central Bank to Watch for Speculation in Baht, Tarisa Says - BusinessWeek

September 02, 2010, 12:39 AM EDT

By Suttinee Yuvejwattana

Sept. 2 (Bloomberg) -- Thailand’s central bank will closely monitor the baht and watch out for speculation in the currency, Governor Tarisa Watanagase said today, adding that the current measures are still sufficient.
Thai Baht
The baht has strengthened quickly since the second half of August because it is “catching up with other currencies” after the country’s political turmoil ended, she said.
“Our job is taking care of the volatility,” she said. “We don’t want exporters to lose competitiveness, but we are in the middle of the region” and there are many outside factors, she said. The central bank will be “more careful,” she said.
Tarisa declined to say if there is any speculation in the baht now.
To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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