{
Kittiratt Na-Ranong

People

}
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baht declines as concerns grow over central bank independence in thailand

Thailand's baht declined over 1% to 34.739 per dollar, marking its weakest point since August 19. Investor concerns about the erosion of the central bank's independence intensified after reports indicated that Kittiratt Na-Ranong, a former finance minister critical of the bank's policies, is set to become its new chairman.
bloomberg.com
Thai Baht Bank OF Thailand THA Kittiratt Na-Ranong
Finance & Economy, News Article
05:34 12.11.2024

thailand appoints kittiratt na-ranong as new central bank chairman

Thailand is poised to appoint former Finance Minister Kittiratt Na-Ranong as the new chairman of the Bank of Thailand, reflecting the government's intention to assert more control over the central bank amid ongoing tensions regarding monetary policy and inflation targets. Kittiratt, known for his criticism of the bank's hawkish stance, was selected following a nearly five-hour meeting of the selection panel.
Bloomberg.com
Thai Baht Bank OF Thailand THA Kittiratt Na-Ranong
Finance & Economy, News Article
10:31 11.11.2024
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