Thailand’s Next Central Bank Chief Champions Rate Cuts to Revive Growth

Thailand's Next Central Bank Chief Champions Rate Cuts to Revive ...

Thailand's next central bank chief champions rate cuts to revive growth

Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at a difficult time.

Thailand’s next central bank chief champions rate cuts to revive growth

By Orathai Sriring and Thanadech Staporncharnchai BANGKOK (Reuters) -Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at a difficult time. Growth in Southeast Asia’s second-largest economy has stalled, tense negotiations with the United States over trade tariffs continue, industrial sentiment is tepid and critical sectors, including tourism and manufacturing, aren’t firing. …

Thailand names rate-cut advocate Vitai to lead central bank

BANGKOK: Thailand picked a rate-cut advocate with close ties to the government as its next central bank governor, defying concerns over a potential erosion of the monetary authority's independence.

Thai cabinet approves Vitai Ratanakorn as next central bank chief, official says

Mr Vitai's appointment will be subject to royal approval before he starts a five-year term on Oct 1. Read more at straitstimes.com.