# BOT worried as baht continues upward streak, vows ‘extra measures’

> The Bank of Thailand said the baht had risen faster than economic fundamentals over the past two weeks and warned the gain could worsen the economic weakness. Deputy Governor Mathee Supapongse promised extra measures to discourage short-term capital inflows. The central bank will also monitor gold traders because gold purchases have contributed to the baht's rise.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: policy · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/52896-bot-worried-as-baht-continues-upward-streak-vows-extra-measures
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Capital controls or intervention could cap baht gains and affect the cost of dollar-priced imports for Thai feed and food processors. The policy response suggests the currency move may be limited, which matters for USD/THB direction.

## Read by commodity

- USDTHB: neutral

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30388861

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.