Bank of Thailand Governor Vitai Ratanakorn said that due to drastic fluctuations in the Thai baht exchange rate, the central bank has stepped up foreign exchange management operations. Vitai said at the briefing that inflation has been brought under control and that monetary policy is shifting more towards supporting the economy. He said that the loose monetary policy in combination with the weak Thai baht is beneficial to exports and the economy, adding that we are very lucky to have cut interest rates before the conflict escalates; otherwise, there would be no room for operation.

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