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Fresh injection boosts central bank’s aid package to Bt100 bn

Mar 19. 2020
Deputy governor Mathee Supapongse
Deputy governor Mathee Supapongse
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By The Nation

The Bank of Thailand has thus far injected Bt100 billion into the financial market to lessen the impact of the Covid-19 virus.

The central bank has been steadily injecting liquidity into the bond market to offset volatility, deputy governor Mathee Supapongse said on Thursday (March 19).

It has now bought both short-term and long-term government bonds worth Bt45 billion, he said.

The purchase boosts total aid since last Friday to Bt100 billion.

The bank will also reduce its planned bond auctions to increase liquidity in the market, and stands ready to inject more funds to boost liquidity and calm volatility, Mathee said.

The Bank of Thailand is among central banks worldwide coming to the rescue of markets as investors panic over the virus fallout.

Amid rising numbers of new cases and deaths, investors have been in sell-off mode, sending almost every stock market tumbling.

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