Thai government nominates former deputy premier Kittiratt Na Ranong for Bank of Thailand chair, advocating rate cut amid slowing economy.
The Thai government, led by the Pheu Thai Party, has nominated Kittiratt Na Ranong, a former deputy premier and finance minister, for the chair of the Bank of Thailand. This nomination follows ongoing tensions over monetary policy, with Kittiratt advocating for a rate cut to address the economy's slow growth of 1.9% last year. An independent panel will decide on the appointment, pending approvals from the finance minister, cabinet, and king.
September 16, 2024
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