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Thailand: BoT chairman raises alarm of property, capital bubble

Posted on 19 March 2013

Foreign capital inflows have put the economy at risk of financial and property sector bubbles which could burst by year’s end, Virabongsa Ramangkura, chairman of the Bank of Thailand board, has warned. Dr Virabongsa said capital inflows have forced the stock market index up from around 1,000 points in the middle of last year to nearly 1,600 at present, while the purchase of government bonds has also surged by more than 15%.
He said he doubted that the central bank’s Monetary Policy Committee would lower interest rates to cool the influx of foreign capital………………………………………..Full Article: Source


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