Economists, central bank disagree on baht measures | Bangkok Post: business

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Economists, central bank disagree on baht measures

  • Published: | Viewed: 2,003 | Comments: 1
  • Newspaper section: Business
  • Writer: Parista Yuthamanop & Chatrudee Theparat
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The Bank of Thailand and some economists have conflicting ideas on the baht's direction and the means with which to rein in its appreciation. 

Virabongsa Ramangkura, chairman of both the central bank and the government's water system investment committee, yesterday called on the Monetary Policy Committee (MPC) to cut the policy interest rate from the present 2.75%, saying the differential between local and US interest rates is too much.

Contrary to the central bank's views, he maintained the differential is a key factor in attracting foreign capital inflows.

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