Bank of Thailand expands liquidity support to more fund types
published : 24 Mar 2020 at 11:34
Thailand's central bank said it has expanded the scope of a facility set up to provide liquidity to mutual funds and it will now encompass all types of money market funds as well as daily fixed income funds.
The central bank is ready to consider additional measures to ensure financial markets function well and the country's financial system is stable, Bank of Thailand Governor Veerathai Santiprabhob said in a statement.
The facility is among steps announced on Sunday to help mitigate the impact of the coronavirus outbreak.
Thailand on Tuesday reported three coronavirus deaths, taking the total to four. It also recorded 106 new infections, bringing its tally to 827.
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