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Thai Central Bank Announces Measures To Improve Market Liquidity

Thailand's central bank on Sunday announced measures to improve liquidity and stabilize financial markets following the turbulence in global markets after the spread of covid-19.

According to a joint statement from the Bank of Thailand, Finance Ministry and Securities and Exchange Commission, a special facility for bond mutual funds and corporate bond stabilization fund will be developed.

The central bank has set up a special facility to provide liquidity for mutual funds through commercial banks. The facility will remain open until the market condition returns to normal.

Further, the Corporate Bond Stabilization Fund will be set up with a size of up to THB 100 billion to invest in high-quality, newly issued bonds by corporates that cannot fully rollover maturing corporate bonds.

The central bank will also continue to provide liquidity to the government bond market through bond purchasing to ensure that the government bond market continues to function normally.

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