คุณมาร์ผมส่งข่าวนี้มาให้ตั้งแต่เมื่อตอนบ่าย ลืมแปะครับ
*** Alert: คลังระบุในข่าวว่าอยากให้บาทอ่อนค่าไปที่ 32-34 บาทต่อดอลลาร์ ***
Thai Baht Should Weaken, Interest Rates Fall, Kittiratt Says
2012-03-22 08:10:31.769 GMT
By Daniel Ten Kate and Susan Li
March 22 (Bloomberg) -- Thailand’s government would like to
see lower interest rates and a weaker currency to help exporters
cope with higher energy costs, Finance Minister Kittiratt Na-
Ranong said.
Thai-based companies faced difficulties shipping goods when
the baht approached a level of 30 per dollar, he said in an
interview with Bloomberg Television today in Hong Kong. Exports
fell more than expected in January as factories struggled to
resume production after the worst flooding in almost 70 years
and as global demand weakened.
“Those companies have been adjusting themselves and
improved their efficiency in order to barely survive,”
Kittiratt said. “So the range of 32 to 34 would be very good.”
The Bank of Thailand yesterday joined central banks from
Australia to South Korea in keeping interest rates unchanged as
higher energy costs boosted inflation risks. Kittiratt’s
comments add to pressure for policy easing in Thailand, where
exports and manufacturing have contracted in the aftermath of
flooding last year that disrupted global supply chains.
“Thailand is similar to other countries suffering from
cost-push inflation because of higher energy costs that come out
of the tension in the Middle East,” he said. “If the central
bank would agree to let the interest rate down a little bit
further, that would be good.”
The baht declined 0.1 percent to 30.77 per dollar as of
2:44 p.m. in Bangkok, according to data compiled by Bloomberg.
It has strengthened about 2.5 percent this year, making it the
third-biggest gainer in Southeast Asia after the Malaysian
ringgit and the Singapore dollar.
“I don’t think the BOT will yield to government
pressure,” Frances Cheung, a strategist at Credit Agricole CIB
in Hong Kong, said by phone, referring to the Bank of Thailand.
“They have their own mandates and I don’t think the BOT will
just target any level for the baht. As you can see from the
BOT’s tone, they are primarily focusing on inflation and
economic activity.”
For Related News and Information:
Top economic stories: TOP ECO <GO>
Stories on Thai rice exports: NSE THAI RICE EXPORTS <GO>
Most-read stories on Thai economy: MNI THECO <GO>
Thai GDP historical data: THGDPYOY <Index> HP <GO>
Economists’ Thai interest-rate predictions: BYFC THB CB <GO>
Top Southeast Asia stories: ATOP <GO>
Central bank actions: STNI CENTRALBANKACT <GO>
--With assistance from Yumi Teso in Bangkok. Editors: Tony
Jordan, Rina Chandran
To contact the reporters on this story:
Daniel Ten Kate in Bangkok at +66-2-654-7318 or
dtenkate@bloomberg.net;
Susan Li in Hong Kong at +852-2977-6424 or
sli31@bloomberg.net
To contact the editor responsible for this story:
Stephanie Phang at +65-6499-2617 or
sphang@bloomberg.net