Kittiratt asks BoT to rethink monetary policy

Kittiratt worried by strength of baht

Published: 14 Mar 2013 at 16.16
Online news:

The continuing strengthening of the baht could erode the export sector's trade competitiveness, Finance Minister Kittiratt Na-Ranong said on Thursday.

"It would be good if the Thai currency were weaker than the current level," Finance Minister Kittiratt Na-Ranong said on Thursday. (Photo by Kosol Nakachol)

Even though current economic growth is driven by other mobilisers, such as the increase in domestic consumption and private and government investments, the export sector still plays a crucial role in the system, the minister said.

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banmebkk
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Discussion 5 : 15 Mar 2013 at 16.475
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Strong baht means Thailand's unsold rice cost even more! Maybe that is why Kittiratt is worried. I wonder if PTP every thought of that.
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bluebottle
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Discussion 4 : 14 Mar 2013 at 20.304
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Empty dustbins make the most noise.However somthing needs doing to stop this speculation.
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jwatch
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Discussion 3 : 14 Mar 2013 at 19.133
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should just let Kittirat run the BoT
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boons
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Discussion 2 : 14 Mar 2013 at 18.362
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I would like to welcome Kuhn Kittiratt back to planet Earth. It's been highly entertaining to read his predictions of 15% export growth even with soaring minimum wages, a devastatingly strong baht, rice at absurd prices and countless business closings. But now that Kuhn Kittiratt is back from the alternate dimension he has been living in, we hope he stays a while.

I have few expectations however. And I fully expect the dear Finance Minister to "solve" things via increased credit growth and pushing for increasingly liberalized bank policy. (A proven formula for fiscal disaster a few short years from now).
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pete
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Discussion 1 : 14 Mar 2013 at 17.501
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Yesterday’s headline: “BoT not worried by strong baht”.
Today’s headline: “Kittiratt worried by strength of baht”.

Don’t they shoot towards the same goal? If not, trouble is brewing!
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Kittiratt asks BoT to rethink monetary policy | Bangkok Post: business

Kittiratt worried by strength of baht

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