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WorldPosted at: Feb 23 2017 2:52PM


Thailand monitoring short-term capital inflows - c.bank gov

BANGKOK, Feb 23 (Reuters) Thailand's central bank is tracking short-term capital inflows which are causing the baht currency to strengthen but is not worried at this point, central bank governor Veerathai Santiprabhob said.
He said if the baht became too strong it would be bad for the economy.
"Foreign investors see Thailand as a safe haven so capital inflows are short term and cause the baht to strengthen. Once the money leaves it creates currency instability which we don't like very much. Thus we are looking at this quite closely but we are not at the stage of worry," he told reporters at an event in Bangkok.
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