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Thailand expects no broad economic impact after U.S. keeps it on currency watch list

·1 min read
FILE PHOTO: FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok

BANGKOK (Reuters) - Thailand's central bank said on Saturday it did not see an impact on business or its ability to implement macroeconomic policies to safeguard financial stability after Washington kept it on a U.S. currency monitoring list.

The BOT also reiterated that Thailand has never used the exchange rate as a tool to gain an unfair trade advantage or a competitive edge over its trading partners, Assistant Governor Chantavarn Sucharitakul said in a statement.

The comment came after Washington kept Thailand on its watch list of countries that merit close attention to their currency practices.

(Reporting by Orathai Sriring; Editing by Shri Navaratnam)