Euro – Baht – Finanzen.net
Govt prepared to cope with funds inflows from euro-zone …
The Nation
January 24, 2015
The Thai government is moving to brace for an influx of funds from the Europe Union’s bigger-than-expected bond purchasing programme, fearing this might strengthen the baht and affect Thai export growth this year.Prime Minister General Prayut Chan-o-cha has asked the Finance Ministry and the Bank of Thailand to prepare measures for possible impact from the euro zone’squantitative easing (QE) programme, during a meeting yesterday. The European Central Bank (ECB) on Thursday said it would buy 60 billion euros (US$ 69 billion) in private and public sector bonds per month from March until the end of September next year. The amount is above market expectation of no more than 50 billion euros…
The baht has appreciated from Bt32.97 per US dollar on January 5 to Bt32.60 yesterday while the country’s policy…
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