Authority:Thailand can contain baht appreciation

BANGKOK, September 14 (TNA) - Deputy Prime Minister and Finance Minister Kittirat Na-Ranong says he believes that measures implemented by agencies conderned can cope with a feared upward trend of the Thai baht. Kittirat, who oversees national economic issues, assessed on Friday that the United States and the European economies should be improving, after the US Federal Reserve or FED has implemented more economic stimulus measures in its third round of quantitative easing or the QE3. Kittirat said that he believes the Bank of Thailand (BOT) has, particularly, prepared relevant measures; so, the Thai economy should not suffer from excessive capital inflows which would, otherwise, cause a sharp appreciation of the Thai currency. According to the deputy premier, the Thai government is also promoting more overseas investment of Thai business operators to, in parallel, help stabilize the Thai baht. (TNA)