Baht Still Has Room For Appreciation In 2008

June 2008
Asia Monitor: South East Asia Monitor Volume 1;Jun2008, Vol. 19 Issue 6, p1
Country Report
The article presents the economic outlook of Thailand in 2008. Analysts believe that the Thai baht can continue to appreciate against the U.S. dollar in 2008. By the end of the year, the central bank will retain a tight monetary policy to fight inflation, potentially raising interest rates. In addition, they note that the key risk to their view is that rising fuel and food imports tip the trade and current account surpluses back into deficit.


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