Slowdown in capital inflows not worrisome: Kittiratt

Thailand is not in need of "hot money", he said.

His comment followed the reports that in the recent wave of inflows to emerging markets, the amount entering Thailand is below that experienced in other markets. 

Kittiratt noted that hot money would boost the baht appreciation and affect the Thai exports. Meanwhile, Thailand still manages to register a current account surplus, at 1 per cent of gross domestic product (GDP), aside from the foreign reserves worth US$190 billion which are 3.5 times higher than short-term debts. There is no shortage of foreign capital here, he said.

He noted that if some of the remaining hot money would flow out, the country would issue no measure to stop it.