BANGKOK: Thailand's central bank has the necessary policy tools to handle the strengthening of the baht, the finance minister said on Monday , as the currency hit its highest level in more than 10 months against the US dollar.
"In managing the baht, monetary policy and fiscal policy must go together ... and what to be aware of during capital inflows is speculation," Arkhom said. The central bank is expected to keep the key rate unchanged at a record low of 0.5 per cent when it meets on Wednesday.The baht was trading at 30.19 per dollar at 5.50am GMT , having hit 30.13 in earlier trade, the strongest since January.
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