Ex-BOT governor warns of economic disaster if government puts its man in charge

19 Sept 05:41 Key points summarised by AI

Former Bank of Thailand (BOT) governor Tarisa Watanagase warns that government interference in appointing its preferred candidate as BOT chairperson could lead to an economic collapse.
The government's dissatisfaction stems from the current BOT's resistance to lower interest rates and its opposition to the digital wallet scheme, which Tarisa views as a significant financial burden.
Such political intervention would erode international confidence in Thailand's economic system, risking a downgrade in the country's credit rating.
Tarisa emphasizes the crucial role of the independent selection committee, composed of retired senior economic officials, to uphold the central bank's autonomy and prevent a national economic disaster.

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