# Thai central bank says country not in recession, plans steps to curb strong baht - The Business Times

> The Bank of Thailand governor said the country is not in recession but growing below potential. The central bank plans to further relax capital outflow rules within one to two months to curb baht strength.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/56851-thai-central-bank-says-country-not-in-recession-plans-steps-to-curb-strong-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Looser capital outflow rules would allow more baht selling, which could weaken the currency and partly ease pressure on Thai exporters. The impact on feed commodity prices is limited.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/thai-central-bank-says-country-not-recession-plans-steps-curb-strong-baht

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