February 8th, 2008

- Trichet said "unusually high uncertainty" regarding the banks view of the European economy, very doveish on ECB rates
- new Thai Finance Minister Surapong Suebwonglee said economy should grow to 6.0% in '08, govt will review capital controls next week
- according to FM, new govt may have to shoulder repayment of public debt from previous banking rescue package if BoT doesnt make profits
- originally BoT agreed to pay the principal while FM would should interest costs, would make a dent in public spending packages
- BoT lost about THB 100bn in '06 from intervention and partially book-keeping practices