# Thai central bank takes steps to suppress surging baht - Nikkei Asia

> The Bank of Thailand introduced measures on July 12 to keep the baht from strengthening further, saying it was ready to add more if speculative buying persisted. The strong currency threatens the tourism-led economy by making travel to Thailand more expensive.

- Date: 2019-07-12 · published 2019-07-12T12:00:00.000Z
- Category: policy · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/58351-thai-central-bank-takes-steps-to-suppress-surging-baht-nikkei-asia
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Central bank intervention to weaken the baht is a policy response to currency strength that can influence Thai import costs and regional ingredient demand at the margin.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/economy/thai-central-bank-takes-steps-to-suppress-surging-baht

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