Bank of Thailand's new FX stance points to baht rise
BANGKOK – Dealers shrugged off moves by the Bank of Thailand to lift capital controls in the country, noting the deregulation was unlikely to spark renewed interest in the baht despite expectations for the unit to rise.
Last Monday (February 1), the central bank scrapped limits on overseas investments by local firms in an effort to balance the country’s capital flows. It raised the limit on total overseas portfolio investment from $30 billion to $50 billion and abolished the $200 million annual
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