FTI to propose one percentage point cut in policy rate to Bank of Thailand | Bangkok Post: business

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FTI to propose baht curbs to BoT

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The private sector will on Tuesday propose five measures to stabilise the baht to the Bank of Thailand (BoT) for consideration, Payungsak Chartsutthipol, chairman of the Federation of Thai Industries (FTI), said on Friday. 

The measures include a one percentage point reduction in the repurchase rate, along with other means to control foreign direct investment inflow, he said.

Exporters are being severely affected by the current strength of the baht, he said.

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