# Thai Central Bank Chief Says to Act on Excessive Moves in Baht

> Bank of Thailand Governor Veerathai Santiprabhob said the baht should move with market forces but the central bank will act against excessive volatility. He said the baht is near 21-month highs and is Southeast Asia's best performer this year, helped by a weaker dollar. The central bank also cut short-dated bond supply to temper inflows and will relax capital outflow rules.

- Date: 2017-04-20 · published 2017-04-20T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/71750-thai-central-bank-chief-says-to-act-on-excessive-moves-in-baht
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Central bank intervention and capital-flow measures can cap baht appreciation, which affects the Thai currency backdrop for imported feed purchases but has limited direct effect on grain prices.

## Read by commodity

- USDTHB: neutral

## Sources

- jakartaglobe.id: https://jakartaglobe.id/international/thai-central-bank-chief-says-act-excessive-moves-baht/

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