Thailand ready for fund inflows
Prime Minister Prayut Chan-o-cha assured that the European Central Bank's quantitative easing measure would have limited impacts on the Thai economy in the short term.
Referring to a discussion with the Bank of Thailand and the Fiannce Ministry last week, he said all organisations are closely monitoring the consequences.
Prayut noted that Thailand may need measures to cope with fund flows in the long term.
"The central bank assured that the Thai economic fundamentals are strong. There is no need to buck the trend, if we can go along with it. QE could boost inflows in the short term, but the impacts should be limited. But in the long term, there could be some consequences but there are measures in place. We're confident in the central bank's ability to handle the situation," he said.
TMB Analytics earlier estimated that the Thai bond market may draw Bt40 billion of new funds due to Europe's QE.
