SEC advises central bank to step carefully | Bangkok Post: news

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SEC wants mild baht measures

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The central bank should go carefully in implementing measures to curb the strength of the baht currency to avoid possible negative consequences, Worapol Sokatiyanuruk, secretary general of the Securities and Exchange Commission (SEC), said on Thursday. 

Any steps taken must not severely affect foreign investment inflow, otherwise foreign capital would flow out and this would create a bad impression on foreign investors. No country has used measures to block capital inflow before, he said.

Mr Worapol said the ongoing massive capital inflow derived from two giant countries’ injection of money into the economic system, substantially increasing global liquidity.

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