Capital flows remain unpredictable and will depend on the much-awaited stimulus stance of the US Federal Open Market Committee (FOMC), says a senior Bank of Thailand official.
Pongpen Ruengvirayudh, the deputy governor overseeing monetary stability, said the central bank is monitoring capital flows closely, as foreign capital continues to flow into Thai financial markets on a small scale.
"The Monetary Policy Committee does not plan to call a special meeting on the tapering prospect of the US Federal Reserve's monetary stimulus programme as the committee is waiting for its decision," she said. "Capital flows will depend on the outcome of the FOMC meeting since financial markets are anticipating details."
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.