BoT told to cut key policy rate

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Published: 27 Jan 2013 at 15.26
Online news: Local News

The Bank of Thailand (BoT) should consider cutting the repurchase rate to curb the foreign direct investment inflow, Pongsak Assakul, chairman of the Thai Chamber of Commerce, said on Sunday.

Mr Pongsak said the persistent baht appreciation was caused by investment inflow to make short-term profit by foreign investors, not long-term investment.

As the overseer of monetary policy, the central bank should come up with necessary measures to block such short-term investment inflow, he added.

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bluebottle
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Discussion 2 : 27 Jan 2013 at 18.452
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If the inflation rate is allowed to continue and interest payment rates are cut below it you are causing a problem with savings is that what the country needs right now.
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onlyme
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Discussion 1 : 27 Jan 2013 at 17.471
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Not that the Thai bank would care but it also has a big effect on fixed pension monies coming in which are all pretty well spent in Thailand.
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BoT told to cut key policy rate | Bangkok Post: news