Surge is hurting exporters, leading to calls for central bank intervention, including rate cuts
PUBLISHED : 25 Sep 2024 at 10:40
A woman scans a quick response (QR) code to pay for breakfast in Bangkok, Thailand, on Aug 15, 2024.
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Surge is hurting exporters, leading to calls for central bank intervention, including rate cuts
PUBLISHED : 25 Sep 2024 at 10:40
A woman scans a quick response (QR) code to pay for breakfast in Bangkok, Thailand, on Aug 15, 2024. (Photo: Bloomberg)
The baht gained to its strongest level in 30 months as Chinas stimulus boosted risk assets globally, adding pressure on the Bank of Thailand (BoT) to act to curb its rally.
The currency rose as much as 0.8%…