Thai central bank eases controls

The Bank of Thailand said Thursday 1 March it intends to further ease capital controls on inflows of foreign funds that were imposed in December to weaken the Thai baht.

The BoT said that, effective from March 15, it would exempt from the controls fully hedged inflows into local debt markets, mutual funds and property funds.

Assistant bank governor Nitaya Pibulratanagit told a news conference that a previous outright ban on foreign purchases of local short-term debt will be removed on the same