Thailand’s finance minister held a special meeting on strengthening the baht Monday as agencies concerned agreed to deal with baht appreciation to achieve the country’s export target growth at 8-9 percent.
The three-hour meeting chaired by Finance Minister Kittiratt Na Ranong, reviewed the country’s economic issues including government spending, private investment, consumer purchasing power, tourism and exports. All sides agreed that that this year’s economy is growing with stability but to achieve the export target, they need to collaborate with one another.
They will work together to handle the baht appreciation to prevent it from becoming too strong, compared to trade partners, and to stabilize it in tandem with export mechanisms with an aim to achieve the export growth target of 8-9 percent this year.
Regarding applying interest rate policy to cope with the strong baht, it is in the responsibility of the Bank of Thailand’s Monetary Policy Committee to make the decision.
