Keep an eye on fund flows: PM

MONDAY, FEBRUARY 16, 2015
Keep an eye on fund flows: PM

PRIME MINISTER General Prayut Chan-o-cha said yesterday that he had ordered the Bank of Thailand to watch the inflow of foreign funds closely after many countries introduced quantitative-easing measures.

“This morning I asked [officials] to come in to report about QE because of worrying [that the fund flows will lead to] short-term speculation in the stock market. 
“The central bank will be asked to take care of this matter, as well as inflation and interest-rate [issues].” 
The baht has strengthened by about 1 per cent against the US dollar since the beginning of this year.