Thai Finance Chief Kittiratt Says He Wants to See a Weaker Baht

Thailand’s Finance Minister Kittiratt Na-Ranong comments on the baht and central bank policy.

Kittiratt, who is also the deputy prime minister in charge of the economy, last week urged the central bank to allow the baht to weaken and to cut the benchmark interest rate by half a percentage point to help exporters.

He made the comments to reporters in Bangkok today.

“I don’t have a duty to argue with the central bank and the central bank doesn’t have a duty to argue with me. If they just listened to me and argued less things would be better because I am not only the finance minister, I am the one who looks at the overall economic picture.

“When I signal that I want a weaker baht, that’s because I really want it that way. I don’t care if people want to slap me. I don’t want a lot of money to flow in.”

To contact the reporters on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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