BoT to discuss ways to cope with European crisis

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BANGKOK, 16 August 2012  – The Bank of Thailand (BoT) is prepared to hold an annual seminar in September to discuss its roles and responsibilities in coping with new global economic circumstances. 

BoT Assistant Governor Paiboon Kittisrikangwan revealed that the central bank will hold its annual seminar on the roles and duties of the Bank of Thailand amidst global changes, on September 24-25 at the Bangkok Convention Center, Centara Grand Hotel.

Mr Paiboon said the global economic crisis has forced many central banks throughout the world to do unprecedented actions that later prompted public suspicions towards the appropriateness of their actions as well as their scope of duties and responsibilities.

He added that more questions were raised concerning the bank’s freedom and procedures, adjustment to the changing world and environment, monetary policies to cope with inflation, and many others. He said all of these questions will be answered by economic and financial experts with ideas being exchanged during the meeting.