More academics join drive to protect central bank independence
THE NUMBER of academics and members of Economics for Society group, among them four former Bank of Thailand governors, who oppose political parties dominating the central bank has grown to 830 with the meeting to select the chairman and two qualified members of the central bank board taking place on Monday Nov. 11 after […]
Read MoreSomchai: Kittiratt unsuitable for central bank board chairman
FORMER election commissioner Somchai Srisutthiyakorn warned that if former deputy prime minister Kittiratt Na Ranong, who is very capable, becomes the chairman of the Bank of Thailand board he would bend to politicians, Naewna newspaper said this morning (Nov. 5). In a Facebook post Somchai warned that at this moment the country needs a […]
Read MoreAcademics, former BOT governors protest political parties dominating central bank
AS MANY AS 250 academics and representatives from social economic groups plus four former Bank of Thailand governors today (Oct. 31) expressed concern that political parties are now interfering with the central bank for short-term gain and in doing so are destroying the stability and credibility of the country in the long run, Naewna […]
Read MoreCentral bank unexpectedly cuts key rate by 25 bps
By Reuters and published by CNA THAILAND’S central bank unexpectedly cut its key interest rate at a policy review today (Oct. 16), a move long called for by the government as needed to revive a sluggish economy with inflation below target. The central bank’s move follows five consecutive meetings where it held rates steady […]
Read MoreMaha Bua followers protest govt’s planned intervention in central bank
By Thai Newsroom Reporters FOLLOWERS OF THE LATE revered monk Ajarn Maha Bua have staged a protest against an alleged, planned interference of the Pheu Thai-led government in internal affairs of the Bank of Thailand. The unnamed followers of Ajarn Maha Bua delivered an urgent letter to Prime Minister Paetongtarn Shinawatra to air their […]
Read MoreExclusive-Thai central bank chief, finance minister to meet over inflation target as govt eyes rate cut
By Reuters and published by CNA THAILAND’S central bank chief and finance minister will meet in early September to open negotiations on an inflation target for 2025, a senior official said, as the government seeks a new goal with an eye on a rate cut that it has pushed for months. The government has […]
Read MoreCentral bank will use policy mix to address uneven economic recovery, governor says
By Reuters and published by CNA THAILAND’S central bank will use a policy mix to address uneven recovery in Southeast Asia’s second-largest economy, its governor said today (Aug. 24). Interest rates alone cannot fix economic problems, Bank of Thailand Governor Sethaput Suthiwartnarueput told a press conference. “We are ready to make adjustments that are […]
Read MoreThai central bank to investigate Myanmar weapons payments
By Reuters and published by CNA THAILAND’S central bank and anti-money laundering office will investigate claims that Thai commercial banks facilitated transactions linked to weapons purchases by Myanmar’s junta, a Foreign Ministry spokesperson said on Wednesday (July 24). Myanmar’s military deposed the government of Aung San Suu Kyi in 2021 and launched a bloody […]
Read MoreCentral bank head says 3% potential growth rate not high enough
By Reuters and published by CNA THAILAND needs stronger economic growth as the current potential growth rate of about 3 percent is not high enough to help the economy expand sustainably in the long term, the central bank governor said today (July 9). The potential growth rate can be raised by structural reforms, Bank […]
Read MoreGovt dared to dismiss Central Bank Governor over digital wallet row
By Thai Newsroom Reporters THE DEMOCRATS TODAY (May 6) dared the Pheu Thai-led government to depose Bank of Thailand Governor Sethaput Suthiwartnarueput for standing in the way of the questionable digital wallet project so they could go ahead with it unthwarted. Ramet Ratanachaweng, spokesperson of the opposition party, dared the Pheu Thai-led government in […]
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