New Thai Central Bank Board Raises Policy Doubts

[bingobongo]

so much for controlling inflation, so 10% to 15% inflation by end of year anyone? strap in folks......

New Thai central bank board raises policy doubts

"The new board members seem to have less monetary knowledge than their predecessors," he said.

http://www.reuters.com/article/managementI...ndChannel=10179

Edited July 29, 2008 by bingobongo

[LaoPo]

It's a bad sign if a(ny) Government is intervening with (a) Central Bank's' decisions..very bad.

A Central Bank should act independently from a Government.

LaoPo

[bingobongo]

it will soon be time to short the baht........hold on to your som tham Naam

Credibility crisis at the BoT

......raised substantially the risk of a run on the Thai currency, which despite Thailand's rich store of foreign reserves has recently come under heavy foreign selling pressure. Thai inflation hit 8.9% in June, the highest rate in over a decade.

Foreign-currency traders are on the look-out for policy mismatches to exploit and several have tuned into Thailand's out-of-whack real interest rates, which apart from the Philippines are Asia's highest at a negative 5.4%.

http://www.atimes.com/atimes/Southeast_Asia/JH01Ae02.html

Edited July 31, 2008 by bingobongo

[bingobongo]

it sill soon be time to make money..............wait for the incomptence to be fully engrained

UPDATE 1-Thai PM adviser raises more cbank doubts

"We aren't seeing good governance, not even in the monetary and fiscal policy-making circles in this government," he said.

Facing mounting street protests, a spate of lawsuits and dwindling support, Samak is loathe to do anything that could hurt growth and fuel more discontent.

http://in.reuters.com/article/asiaCompanyA...430316420080804