Make PattayaMail.com your Homepage | Bookmark              SERVING THE EASTERN SEABOARD OF THAILAND             Pattaya Blatt | Chiang Mai Mail | Pattaya Mail TV
 
Pattaya Mail Web
 
BUSINESS
 

Baht begins to move steadily, says BoT

The baht has begun to hold still and move up and down in a more regular manner, according to the Bank of Thailand (BoT).

Senior Director Wongwatoo Potirat of the BoT Financial Markets and Reserve Management Department said the baht has begun to move in a narrow range and in both selling and buying directions.

This has eased the central bank’s concern about the continued strengthening of the currency. However, the bank would continue monitoring the situation closely.

Regarding the US Federal Reserve’s announcement it would launch a second edition of quantitative easing (QE) soon, or inject an additional US$500 billion into the system soon, he said the market had absorbed the news to a certain extent because Fed had made clear its stance on the matter.

Because of this, he thought the impact would not be adverse as the measure is expected to be gradually implemented.

Even so, central banks around the world including BoT are already monitoring the Fed’s move.

Asked whether the central bank is likely to re-impose the 30 percent capital requirement or reduce the reserve provisioning portion to control capital inflows, Wongwatoo said the measure would only be adopted as a last resort because it could cause severe repercussions. (MCOT online news)
 



HEADLINES [click on headline to view story]

Baht begins to move steadily, says BoT

 

Advertisement

  Property for Rent
  Condos & Apartments
  Bungalows - Houses - Villas

  Property for Sele
  Condos & Apartments
  Bungalows - Houses - Villas
  Articles for Sale/Rent
  Boats
  Business Opportunities
  Computers & Communications
  Pets
  Services Provided
  Staff Wanted
  Vehicles for Sale / Rent: Trucks & Cars
 

 



News
 Local News
  Features
  Business
  Travel & Tourism
  Our Community
  Our Children
  Sports
Blogs
 Auto Mania
  Dining Out
  Book Review
  Daily Horoscope
Events
PM Mike Franklin
Classic Charity Golf
Tournament
PM Peter Cummins
Classic International
Regetta
Information
Current Movies in Pattaya's Cinemas
 Sophon TV-Guide
 Clubs in Pattaya
News Access
Subscribe to Newspaper
About Us
Shopping
Skal
Had Yao News
Partners
Pattaya Mail TV
 Pattaya Blatt
 Chiang Mail Mail

E-mail: [email protected]
Pattaya Mail Publishing Co.Ltd.
370/7-8 Pattaya Second Road, Pattaya City, Chonburi 20150 Thailand 
Tel.66-38 411 240-1, 413 240-1, Fax:66-38 427 596
Copyright © 2004 Pattaya Mail. All rights reserved.
This material may not be published, broadcast, rewritten, or redistributed.