Thailand, like other developing economies, is doggypaddling to sustain herself and avoid being swept away and drowned in a rising ocean of liquidity. This is inevitable. In the global economic downturn, we too must bear the scars.
In our country, huge capital inflows have once again reignited the fierce debate about monetary policy and the battle between the government and the Bank of Thailand (BoT). As the voices of the two grow louder, we are at risk of losing out no matter who wins.
A surge of foreign capital inflows into the stock and bond markets led the baht to soar by 2% in the first two weeks of the year to peak at 29.60 to the dollar, which is among the fastest currency appreciations in the region.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.