Thailand: Government will not reconsider capital control inflow control measure despite big plunge in stock market prices.

(From Thai Press Reports)

Section: General News - The Thai government will not reconsider draconian measures introduced to halt the baht's rise, the finance minister said today, as local stocks plummetted to record losses and markets in the region dropped precipitously, the Bangkok Post reports.

"The government will not reconsider the policy; let the market take course and it will adjust itself," said Pridiyathorn Devakula, who is also the deputy prime minister. He said the measure introduced by the central bank yesterday would only affect brokers and short-term currency speculators.

Meanwhile, Dow Jones reported that a senior credit analyst at …