Central bank chief says baht under control | Bangkok Post: business

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Central bank chief says baht under control

The Bank of Thailand appears less concerned about a stronger baht, saying appreciation has eased and stayed within the same range as other regional currencies.

But governor Prasarn Trairatvorakul said the central bank expects risk from foreign capital inflows to rise as crisis-hit rich economies struggle to emerge from their economic doldrums.

"The baht was stable during the past few days," he said. "But it is likely that foreign capital inflows will increase as a result of the measures of large economies that have seen stagnant growth in the past five years. The Thai economy has several tools to handle the impact."

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  • DonAleman

    ThailandPost : 539

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    Discussion 1 : 15 Feb 2013 at 17.101

    The way I read this : "rich countries struggle to emerge from their economic doldrums " means they aren't really broke, just dozing on their stacks of money, and will, soon, return to frivilous, outrageous devil may care, spending.

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