"We have been running down international reserves and providing baht liquidity to facilitate the normal functioning of the financial market, ” Bank of Thailand Assistant Governor Chantavarn Sucharitakul said in an email.
BANGKOK: The Bank of Thailand is seeking to backstop market stability after a jump in bond yields stoked concerns that stresses are building up.
The monetary authority pledged Friday to ensure sufficient liquidity for markets to function well as it unveiled an emergency interest-rate cut to counter the economic shock of the coronavirus outbreak. Governor Veerathai Santiprabhob and other key guardians of the financial system are due hold a briefing Sunday on coping with the impact of the disease.
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