follows the Taiwanese and Korea
do not allow the non-resident to hold THB if not invest in bond or stock.
Surely baht will be weaken at least 10%
if to fight baht strengthening by cut the rate, it will not work
you can plot the exchange rate, SET and interest rate and will realize that for Thailand the interest rate cut
does not help weaken thai baht for the past 10 yrs. but it will boost stock market and make foreigners buy thai stock more and finally Baht will stengthen more.
How to make THB weaker
do not allow the non-resident to hold THB if not invest in bond or stock.
Surely baht will be weaken at least 10%
if to fight baht strengthening by cut the rate, it will not work
you can plot the exchange rate, SET and interest rate and will realize that for Thailand the interest rate cut
does not help weaken thai baht for the past 10 yrs. but it will boost stock market and make foreigners buy thai stock more and finally Baht will stengthen more.