Baht lags behind peers on concerns over central bank autonomy

Quick Summary:

Thailand's currency fell by the most among Asian peers on investor concerns that the independence of the nation's central bank is being further eroded.

Mr Kittiratt, a former member of the ruling Pheu Thai Party, was picked as the new chairman at a near five-hour meeting of the selection panel on Monday, according to people familiar with the matter.

While the BoT chairman does not decide on policy, Mr Kittiratt will have a say in who joins the MPC and can assess the performance of the governor.

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Article Details

Category: EconomyBusiness

Markets: ThailandSingapore

Topics: Kittiratt Minister Baht Chairman Policy Thailand Central Rates Independence Finance Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:15:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23545185

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Official Website: bangkokpost.com

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