ID :
141426
Thu, 09/09/2010 - 13:07
Auther :
Shortlink :
http://m.oananews.org//node/141426
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Thai central bank asserts it can manage baht despite continued currency rise
BANGKOK, Sept 9 – Bank of Thailand (BoT) Assistant Governor Paiboon Kittisrikangwan on Wednesday asserted that the central bank remained in a position to manage the baht although the national currency continued strengthening.
He said Thailand’s economic stability and growth potential had not been negatively affected by the stronger baht, but confirmed that it the duty of the central bank to examine whether or not the change in the baht value would affect economic stability in the short and long terms.
Regarding a possible upward revision of the economic growth estimate for this year from the 6.5-7.5 per cent targeted earlier by the central bank, he said it remains unpredictable now because there might be new factors before the bank releases its inflation figure and trend on October 28.
Mr. Paiboon said the BoT’s Monetary Policy Group is in the midst of estimating and monitoring positive and negative impacts of the stronger baht on the economic stability in the short and long terms.
He said the central bank would take into account surrounding factors for its economic growth estimate.
The bank will give more attention to supervising national economic stability and see whether the economy would expand continuously given changing financial market conditions and currency exchange rates, he added. (MCOT online news)
He said Thailand’s economic stability and growth potential had not been negatively affected by the stronger baht, but confirmed that it the duty of the central bank to examine whether or not the change in the baht value would affect economic stability in the short and long terms.
Regarding a possible upward revision of the economic growth estimate for this year from the 6.5-7.5 per cent targeted earlier by the central bank, he said it remains unpredictable now because there might be new factors before the bank releases its inflation figure and trend on October 28.
Mr. Paiboon said the BoT’s Monetary Policy Group is in the midst of estimating and monitoring positive and negative impacts of the stronger baht on the economic stability in the short and long terms.
He said the central bank would take into account surrounding factors for its economic growth estimate.
The bank will give more attention to supervising national economic stability and see whether the economy would expand continuously given changing financial market conditions and currency exchange rates, he added. (MCOT online news)
