Kittiratt: Fed’s QE taper won’t affect Thailand


BANGKOK, 19 December 2013 Finance Minister Kittiratt Na-Ranong has expressed no concern about the trimming of quantitative easing (QE) by the U.S., saying Thailand’s liquidity is still high and the baht currency is in an appropriate level.

Mr Kittiratt said the Fed’s QE reduction in January would not affect liquidity in Thailand despite capital outflow. The Thai liquidity, in both domestic and foreign currencies, was still plentiful judging from surplus balance of trade and current account balance.

The minister added that the Monetary Policy Committee was closely monitoring the economic situation and it had tools to prevent the effects of baht fluctuation on the economy.

Mr Kittiratt said he believed the U.S. would continue reducing the QE following the improving global economy and its ample liquidity.