Spike in long-term Thai govt bonds had limited impact on economy - central bank minutes

[webfact]

FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo/File Photo

 

BANGKOK (Reuters) - Thailand's central bank felt that a spike in long-term government bond yields had only a limited impact on the Thai economy when it decided to keep its key rate at a record low last month, meeting minutes showed on Wednesday.

 

Long-term Thai bond yields were largely moving in line with long-term U.S. Treasury yields.

 

The central bank would also ensure that exchange rate movements would not hinder the economic recovery, the minutes said. (https://bit.ly/2RcHl8y)

 

On March 24, the policy rate was left unchanged at 0.5% for a seventh straight meeting.

 

(Reporting by Orathai Sriring; Editing by Jacqueline Wong)

 

-- © Copyright Reuters 2021-04-07

 

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[RichardColeman]

2 hours ago, webfact said:

The central bank would also ensure that exchange rate movements would not hinder the economic recovery, the minutes said.

With consistent high baht in the last few years, I'd say they have done the opposite