ID :
193149
Wed, 07/06/2011 - 08:29
Auther :
Shortlink :
http://m.oananews.org//node/193149
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BOT: easing political concerns attract more capital inflows
BANGKOK, July 6 (TNA) - The Bank of Thailand (BOT) says that following the country’s smooth general election on Sunday, a decline in risk factors from local politics is attracting capital inflows into the country, while increasing the value of the Thai baht.
Atchana Waiquamdee, BOT’s deputy governor for fiscal stability, said that the Thai baht opened stronger against the US dollar on Tuesday at 30.46-30.52 baht, due to a steady rise in foreign capital inflows into the Thai bourse.
Atchana attributed the rise to easing political factors that initially posed risks on the Thai economy, as well as improving confidence foreseen in overseas markets, among other related external factors, as witnessed in the rising of the Dow Jones index since last Friday.
Above all, the monetary official pointed out that if political order was maintained in Thailand, a recurring risk factor on the Thai economy could in future be relieved. (TNA)
Atchana Waiquamdee, BOT’s deputy governor for fiscal stability, said that the Thai baht opened stronger against the US dollar on Tuesday at 30.46-30.52 baht, due to a steady rise in foreign capital inflows into the Thai bourse.
Atchana attributed the rise to easing political factors that initially posed risks on the Thai economy, as well as improving confidence foreseen in overseas markets, among other related external factors, as witnessed in the rising of the Dow Jones index since last Friday.
Above all, the monetary official pointed out that if political order was maintained in Thailand, a recurring risk factor on the Thai economy could in future be relieved. (TNA)
