Economics
Thai Government Says Central Bank Chair Appointment Won’t Take Too Long
- Selection panel to decide on strategy after Kittiratt’s rebuff
- Government seen seeking grip on BOT through chair appointment
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Thailand’s government expects a selection panel to quickly conclude the process to pick a new chairman for the nation’s central bank after its previous nominee was deemed unsuitable for the job due to his ties with the ruling party.
The seven-member panel of former civil servants and regulators will need to decide on the best strategy under the rules, Finance Minister Pichai Chunhavajira told reporters on Thursday, days after the Office of the Council of State said former finance minister Kittiratt Na-Ranong was not suitable because of his previous role as an adviser to the prime minister. The ministry is talking to the panel about the way forward, Pichai said.