The effects of the United States Federal Reserve's interbank rate hike should be short-lived because markets had expected and readied for it in advance, Somchai Sujjapongse, finance permanent secretary, said on Thursday.
There could be hiccups as markets had expected the rise for a long time, he said.
The US economy had started to recover its economy but there was concern about economic stability as inflation was close to 2%. That was the reason why the Fed had to send a signal, to raise the question whether the economy had heated up too much, Mr Somchai said.
Regarding capital movements, existing instruments should be enough to cope with any fluctuations. They could be used to prevent the baht from being stronger or weaker than Thailand's trading partners, he said.
He advised the private sector to handle their foreign exchange risks well.