Tarisa says BOT aiming to convert to bank deposits

Bank of Thailand governor Tarisa Watanagase said Tuesday 20 February the central bank will not need to issue the same number of bonds as it did in the past once it is authorised by a new law that will allow it to take deposits from commercial banks.

Tarisa's statement came in reaction to an earlier news report quoting a finance ministry source blaming the BOT for issuing too many bonds to absorb liquidity in the market after it intervened to weaken the baht last year.

Tarisa insisted the BOT ne