BOT to launch daily liquidity forecasts

The Bank of Thailand (BOT) will soon launch a daily liquidity forecast - a new tool designed to control short-term market rates.

The forecast would tell financial institutions roughly how much liquidity there would be on the following day, BOT assistant governor Thirachai Phuvanart-naranubala said, in a speech at the annual meeting of the Thai Bankers' Association's foreign exchange club.

"If financial institutions can use the forecast to manage their liquidity effectively, all short-term rates