BANGKOK, Thailand – Economists and financial analysts anticipate that the newly appointed Governor of the Bank of Thailand, Withai Ratanakorn, will pursue more accommodative monetary policies, bringing optimism to Thailand’s financial markets.
Dr. Thanawat Polvichai, President of the University of the Thai Chamber of Commerce, commented that Withai’s extensive experience—from capital markets and government agencies like the Government Pension Fund (GPF) to leading the Government Savings Bank (GSB)—positions him well to harmonize monetary policy with fiscal policy. The Finance Minister likely expects the Bank of Thailand to increase its social engagement efforts.
Dr. Thanawat expects Withai to address household debt issues and adopt a coordinated approach combining monetary and fiscal policies. He also expects the new governor to manage interest rates with sensitivity to global market trends, aiming for sustainable economic growth while supporting social initiatives, similar to his previous work promoting social banking.
Mr. Therdsak Thaveethiratham, Executive Director of Asia Plus Securities, echoed this sentiment, projecting Withai’s monetary policy to be more relaxed, which would positively impact money and capital markets. He believes that closer coordination between the Ministry of Finance and the Bank of Thailand will enhance economic recovery efforts. (TNA)
