Drastic action not needed
TDRI: Existing tools enough to tame baht
- Published: 10/09/2010 at 12:00 AM
- Newspaper section: Business
Thailand may not need to resort to drastic measures to slow capital inflows as the law gives the Bank of Thailand flexibility in issuing bonds to absorb liquidity, says Chalongphob Sussangkarn, a distinguished fellow at the Thailand Development Research Institute.
"The central bank may need to look after the capital inflows. But I think the existing tools are efficient enough," said Dr Chalongphob.
Steady capital inflows and a current account surplus have helped push the baht to its highest level since the aftermath of the Asian economic crisis in August 1997.
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About the author
- Writer: Parista Yuthamanop
- Position: Writer
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