Ongoing fund outflows from the Thai stock market are in line with the Bank of Thailand's expectations and the phenomenon is commonly seen in emerging markets, says the central bank chief. "The central bank advised the public not to be too complacent in managing financial risk as volatility caused by external factors will be stronger in the future," he said. Roong Mallikamas, senior director of the Bank of Thailand's financial markets department, said the outflows in the Thai bourse and smaller inflows in the Thai bond market are not a surprise to the central bank. She said the Bank of Thailand's measure to curb speculation by tapering its short-term bond issuance will likely lead to capital outflows this month. "We expected inflows would be lower in May when we decided to extend the measure," said Mrs Roong.

Source: Bangkok Post May 11, 2017 22:41 UTC