BANGKOK: Yield-hungry Thai investors are rotating their money out of savings accounts and into investment funds and real estate, a trend that has caught the eye of a central bank concerned about shrinking bank deposits and stability in the financial system.
Deposits at Thai banks fell a combined 211 billion baht (US$5.97bil) to end-July from end-April, central bank data shows, following two surprise cuts in the central bank's policy rate in March and April to near record lows.
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