March 13, 2017 1:48 pm JST

Thai central bank chief says not worried if Fed raises US rates

BANGKOK (Reuters) -- Thailand's central bank is not worried if the Federal Reserve raises U.S. interest rates this week and it expects no impact on Thai financial markets, the governor said on Monday.

The central bank has not found any unusual capital movements and will keep monitoring the market, Bank of Thailand Governor Veerathai Santiprabhob told reporters.

"There is nothing to worry about. A weaker baht is a normal response to expectations that the Fed may raise rates this time," he said.

"If the Fed really raises rates, it may not affect the financial marekt as it has already signalled that. There should not be any surprise."

To read the full story, Subscribe or Log in

Get your first month for $0.99

Redeemable only through the Subscribe button below

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

Subscribe today to read the full story
- three months for
just $9

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.

To read the full story, Subscribe or Log in

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Subscribe or Log in

Subscribe today to read the full story
- three months for
just $9

Once subscribed, you can…

  • Read all stories with unlimited access (5 articles per month without subscription)
  • Use our smartphone and tablet apps

To read the full story, Update your account

We could not renew your subscription.
You need to update your payment information.