National Bank estimated the economic impact of flooding billion. focus the new GDP figures at the end of October

 

Mr. Prasarn Trairatvorakul, Governor of the Bank of Thailand (BOT) said the flooding that expanded into Rojana Industrial Park Phase 2 and 3, the total damage from the agricultural sector. And Rojana Industrial Estate Phase 1. United Rattana Nakorn Industrial Estate and then. The value of lost economic activity up to 1 billion baht.

Mr. Prasarn said that damage from the flood was higher than the Bank had expected the damage, especially in the industrial sector. Compared with a year ago that the damage only to the agricultural sector. The overall economic impact. In late October the bank forecast the economy would be down. And it is possible to cut up to 1% of the estimates. But because the bank has still not finalized the numbers again. And must include the restoration of government measures that will be much. It is an extension of economic growth in the year.

For the preparation of financial institutions are meeting the Bank to monitor the situation closely with commercial banks. The Bank of Thailand, the every other day. The branches of foreign banks are meeting every evening on Friday.

The issues that the Bank is preparing to prevent congestion of cash, checks, payment systems, as well as the preparation of the financial markets. Coordination with financial institutions and foreign currency swap transactions in advance. For trade transactions. Investment has continued to operate.