Thai Economists Warn of Political Interference in Central Bank Selection

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The government has nominated Finance Minister Kittirat Na Ranong, a loyalist of the ruling Pheu Thai party, as the next chairman of the Bank of Thailand.

Should the BOT “carry out the wishes of the political group, then it would tarnish the credibility of the central bank, which must maintain a strong economic stability for the country in the long term,” the economists said in the statement, Reuters reported.

More than 800 leading Thai economists, including four former central bank governors, have warned of political interference in the selection of the Bank of Thailand (BOT)’s next board chairman.

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Article Details

Author / Journalist: Sebastian Strangio

Category: Economy

Markets: United StatesCanadaChinaIndiaJapanKazakhstanKyrgyzstanOmanPakistanSri LankaSwitzerlandTaiwanThailand

Topics: Economy Been Government Central Pheu Political Thai Economists Group Minister Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 09:39:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1934 words

Reading Time: 11 minutes read

Sentences: 73 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © The Diplomat

News ID: 23637093

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