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Thu, December 21, 2006 : Last updated 20:51 pm (Thai local time)
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Credibility damaged by fast U-turn

After a day of policy flip-flop,
the stock market yesterday re-
covered 11 per cent while the baht rose to a more comfortable zone
of Bt35.60-Bt35.70 to the US
dollar. But credibility has been damaged by the ill-thought-out capital controls and some people have started to question whether anybody should be held accountable.
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