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Finance minister expects smoother relationship with central bank

Finance minister expects smoother relationship with central bank

13 Sept 16:33 Key points summarised by AI
  • Finance Minister Pichai Chunhavajira hopes for a unified direction between the Finance Ministry and the Bank of Thailand (BOT), emphasizing their independent yet collaborative roles.
  • The selection of Kittiratt Na-Ranong, a politically connected former minister, as the new BOT board chairman has raised concerns among former central bank staff and academics about potential political interference.
  • The current BOT governor has consistently resisted government pressure to cut policy rates, highlighting the central bank's commitment to independence amidst these political developments.
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