1.   To keep the inflow of foreign funds from raising local liquidity and boosting inflation, the government also cut regulations on investment in overseas securities investment by Korean citizens.

2.   Local liquidity is coming back into the market again.

3.   Looking to the future, we know local liquidity in dollars, and even in rupiah, has become scarce.

4.   Tarrin said the Finance Ministry would also issue government bonds to sell abroad to seek funds to boost local liquidity.

5.   He said local liquidity was high at present and that the interbank interest rate was too low.

6.   A dealer with the Bank of Asia said that local liquidity was still tight but was better than last week.

7.   Duangmanee said the Bank of Thailand would intervene only to absorb local liquidity or to inject money into the money market.

8.   Prapai said the Bank of Thailand would continue to monitor and intervene on local liquidity, not only to discourage dollar speculation but also to stabilise overnight rates.

9.   Thai financial authorities have been concerned that low interest rates as a result of high local liquidity were turning away long-term foreign capital.