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New Finance Minister says he will not interfere with the Central Bank’s decision

New Finance Minister says he will not interfere with the Central Bank’s decisions on monetary policy, will let the Bank handle the strength of the baht

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.