New Thai finance minister says will not interfere in central bank policy

New Thai finance minister says will not interfere in central bank policy

 

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FILE PHOTO: Uttama Savanayana, the Palang Pracharat Party leader, talks to reporters during a press conference in Bangkok, Thailand June 4, 2019. REUTERS/Soe Zeya Tun/File Photo

 

BANGKOK (Reuters) - Thailand's new finance minister said he will not interfere in the central bank's monetary policy decisions and will let it handle the strengthening baht currency. THB=TH.

 

The ministry plans to introduce economic stimulus measures after the government has announced its policies in parliament next week, Uttama Savanayana told reporters.

 

The baht has appreciated about 5.9% against the dollar so far this year, threatening the export-dependent economy and its pivotal tourism.

 

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-- © Copyright Reuters 2019-07-19
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