51. The high rates and tight liquidity, in turn, are killing the economy. 52. The money market experienced a similar expansion in the volume of trading, reflecting the strong demand for funds in an environment of tight liquidity conditions. 53. The new facility has drawn numerous inquiries from banks following its launch last Friday as a tool to ease tight liquidity in the financial market. 54. The move followed the tight liquidity in the domestic market that has hurt both Thai lending institutions and their borrowers. 55. The short-term outlook remains bleak with tight liquidity in the system hampering the transfers of existing units to new homeowners. 56. The secondary market in Treasury bills was quiet as concern remained over tight liquidity at the yearend. 57. The source added that the proceeds could have been used to pay for the instalments on new aircraft while limiting further borrowings, particularly given the tight liquidity environment. 58. The tight liquidity, optimistically, is expected to ease in the fourth quarter or next year. 59. The weakening rupiah, tight liquidity and high interest rates have often been cited as factors responsible for shrinking domestic demand, corporate bankruptcy and the banking crisis. 60. They also urged governments in the region to loosen the liquidity of the ASEAN countries because tight liquidity had further squeezed their economies. |