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 Bank & Finance
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19 Dec 06 23:32
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Bangkok Bank supports mandatory reserve on capital inflows
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TNA
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BANGKOK, Dec 20 - The Bank of Thailand's move to impose a reserve requirement on short-term capital inflows would benefit the economy in the long run, according to a top Thai banker.
Bangkok Bank executive chairman Chatri Sophonpanich said the central bank was forced to introduce the mandatory reserve measure because its lack of response could put the country's economy in jeopardy.
He considered the measure as being not too harsh. The baht appreciation, if allowed to go unabated, would...
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