Thailand can weather volatile global markets, says central bank chief

Bangkok

THAILAND was strong enough to weather volatile global markets due to its low foreign debt and lower foreign investment in stocks and bonds, the central bank chief said on Thursday, though its economy is one of the most sluggish in South-east Asia.

Volatility in capital flows and exchange rates will continue in the face of monetary policy divergence among major countries, Bank of Thailand governor Veerathai Santiprabhob said while attending an investment forum. "In the big picture, we don't have to be concerned about global economic volatility because we have better buffers than other emerging markets," he told reporters.