BoT: Disagreement over RP rate can be beneficial | Bangkok Post: news

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BoT: Disagreement can be beneficial

Differences of opinion between the Bank of Thailand and the Ministry of Finance over appropriate use of the repurchase rate to control foreign direct inflow are not unusual, BoT governor Prasarn Trairatvorakul said on Thursday.

It would not tarnish the credibility of the central bank in any way, and could even have a good affect by alerting the bank to something it might have over looked, Mr Prasarn said.

“I don’t think these differences amount to a conflict. It is not unnatural to have differences of opinion.

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Your comments

  • g.manont

    ThailandPost : 208

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    Discussion 2 : 14 Feb 2013 at 20.162

    .

    I don't get it, protect the baht by reducing the rate !

    This is simple, look at the foreign board and how it behaves.


    Kittirat vs.Prasarn... the former cries wolf, the latter's cool.

    The local saving is screwed, story of our life !



    .

  • upena

    ThailandPost : 1,388

    Send message

    Discussion 1 : 14 Feb 2013 at 19.471

    Didn't BoT just lose about $18 BILLION dollars and tell us that the situation is under control?

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