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Repo rate cut expected to support exports.
Pridiyathorn Devakula, governor of the Bank of Thailand (BoT), said the 0.25 percent cut in the 14-day repurchase rate to 2.25 percent on Tuesday (25 Dec) will lead to the baht's exchange rate level that is appropriate for stimulating exports, a report in Manager Daily, December 27, 2001, said.
"Presently the country's capital reserve has reached a secure level and a continuing inflow of foreign capital is strengthening the baht. However, a ...
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