# Capital outflows don’t scare Thailand as it wrestles with baht

> Bank of Thailand senior director Don Nakornthab said the central bank is unafraid of capital outflows and has US$213 billion in reserves to cushion currency volatility. He said the policy rate is likely to stay at 1.5% this year.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/66244-capital-outflows-don-t-scare-thailand-as-it-wrestles-with-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Thai policy holding rates while the baht stays strong keeps the currency pressure on rice and other Thai exports, with little direct effect on feed grain prices.

## Read by commodity

- USDTHB: neutral

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2018/03/08/capital-outflows-dont-scare-thailand-as-it-wrestles-with-baht/

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