Bangkok Post- Prime Minister Surayud Chulanont has ordered the Bank of Thailand to keep a close eye on hedge funds, warning that their movement could have an impact on the baht’s appreciation.
The premier made the request at Monday’s economic meeting attended by members of the Finance and Banking committee and representatives from the Federation of Thai Industries. Concerns were raisedabout how business operators are suffering under the baht’s movement before a list of recommendations were finally drawn up to help these businesses.
This package of measures will be submitted to the Prime Minister and Deputy Prime Minister and Industry Minister Kosit Punpiamrat at a meeting on July 23.
Meanwhile Central Bank Governor Tarisa Watanagase emerged from the meeting optimistic, claiming she is preparing to announce measures to ease foreign exchange regulation by Wednesday in order to easepressure on the baht.
