Thai central bank ready to act if baht is too volatile

Thai central bank ready to act if baht is too volatileFILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva GLOBAL BUSINESS WEEK AHEAD PACKAGE

BANGKOK : Thailand’s central bank said on Tuesday it was closely monitoring the baht and is ready to take action if moves in the currency are unusually volatile.

The depreciation of the baht has been driven by external factors as the U.S. dollar continues to appreciate and hit its highest level in almost five years, the central bank said in a statement.

Source: Reuters