BoT: Property prices still manageable

Property prices in some areas have quickly increased but they will not affect the entire economy, Bank of Thailand governor Prasarn Trairatvorakul said on Sunday.

  • Published: 17/02/2013 at 02:04 PM
  • Newspaper section: breakingnews

"The BoT does not see that the property price hike is caused by speculative inflows," Mr Prasarn said after the private sector called on the central bank to slow foreign capital inflows and tackle the bubble in the bond, stock and property markets.

He said the problem is not at a dangerous level and the BoT is still monitoring the situation.

"The BoT has some measures to deal with the inflows but all sides must take responsibility and help out as well," the governor said.

The amount of capital coming in to the country in 2010 was more than that of 2011 and 2012, he said.

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