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By the sounds of it this just got better and the BoT lifted the restriction for equity investments. This as a result of today's rather big correction in the local equity market.
Yesterday's moves left pundits and investors puzzled, I doubt that today's swift reversal will reinforce confidence in the current policy makers.
Shortdated interest rates traded as high as 300pct at some point today. One would think that after all these shenanigans the currency would correct further (obviously this was the intention but 15pct correction in the equity markets sounds rather high cost to achieve this).
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