BOT holds off on short-term bonds due to a stronger baht
The Bank of Thailand (BOT) is cutting down on the issuance of short-term bonds at a time when the value of the baht is at its strongest in six years, closing at Bt30.52 against the US dollar on Monday, the Kasikorn Research Centre reported on Monday.
Kasikorn said the BOT report on June 28 showed that it was reducing the issuance of short-term bonds, though the central bank has not yet made an official announcement.
“The BOT had taken similar actions in the year 2017. This is a means of reducing capital inflows into the country,” the research centre said.
The baht on Monday opened at Bt30.66 to the greenback, closing at Bt50.52 at the end of the day.