BoT: Protests directly affect economy


BANGKOK, 1 December 2013 The Bank of Thailand (BoT) has expressed its concerns over the current political rallies, saying they directly affect consumer confidence, investment, and tourism. 

BoT Governor Prasarn Trairatvorakul urged protesters from both sides to stop their activities, as they will take a toll to the economy.

Mr. Prasarn was worried that if the demonstrations prolonged until 2014, the economy next year will also be affected. He is asking all sides to negotiate peacefully, adding there are many organizations offering to mediate the talk.

As for security concerns, the BoT has been following and assessing the political situation and ready to act fast when needed. This week the central bank will hold a video conference with executives from commercial banks in preparation for any unexpected events so they can properly handle the political uncertainties.