Pridyathorn, Kosit back measures despite SET plunge
Finance Minister MR Pridiyathorn Devakula as well as Commerce Minister Kosit Panpiemras gave a full support the Bank of Thailand's anti-speculation measure saying it is a good measure, although the measure may bring about significant shortterm impact to the stock market.
Pridiyathorn said the authorities need to consider the impact of the new measure particular on how much baht value would react to the measure. The stock market would be affected in short term, he said. However, so far, there were huge amount of foreign capital inflows particular in shortterm commercial papers as large as Bt100 billion so far. The central bank has launched the new measure because most exporters urged the BOT to help stabilise the baht. Kosit said that there is a need to consider the impact of the measure particular on business operators. The central bank would like to stabilise the baht without the government's intervention, he said. Kosit believes the volatility from the measure impact would be temporary. Business Reporters The Nation
|
