BoT: Eurozone downgrade won't hurt

News > Local News

BoT: Eurozone downgrade won't hurt

Published: 16/01/2012 at 06:51 PM
Online news: Local News

The Thai economy would not be affected by Standard&Poor's decision to cut the credit ratings of nine eurozone nations, Bank of Thailand (BoT) governor Prasarn Trairatvorakul said on Monday.

"After the downgrade, the value of the Thai baht today weakened against the US dollar but it is in line with other currencies in the region.

"The baht has not depreciated to a worrying level," Mr Prasarn said.

Bank of Thailand governor Prasarn Trairatvorakul (File Photo)

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

About the author

: Writer: Online Reporters; Position: Online Reporters

Keep this article in your social bookmark:

Latest stories in this category:

Forum

Your comments

khunbj
Post : 401
Send message

Discussion 3 : 16/01/2012 at 07:44 PM3
Post this to my Facebook
The Thai Baht has already appreciated around 5-6 % against the Euro and in the same time lost a bit on the USD ... so Thai products are now a bit less competitive in the Eurozone and a bit more competitive in USD dominated world ...
Like dislike 0 people liked / 0 people disliked this comment
upena
Post : 512
Send message

Discussion 2 : 16/01/2012 at 06:53 PM2
Post this to my Facebook
Nothing in the world ever affects Thailand.
Like dislike 0 people liked / 0 people disliked this comment
geoffo
Post : 1,861
Send message

Discussion 1 : 16/01/2012 at 06:52 PM1
Post this to my Facebook
We've given some numbers to the banks to consider etc etc. Lets bet , the numbers were not to reduce the rates-right

What happens to sensible people when they get an important job that makes them imagine their words make the humble prai grateful for the blessing of their new found wisdom.

How about saying: We have been saddled with a massive debt. We will deal with it by raising rates, sorry.
Like dislike 0 people liked / 0 people disliked this comment

BoT: Eurozone downgrade won't hurt | Bangkok Post: news