New Thai bank governor plans radical changes

THAILAND - Pridiyathorn Devakula, the new governor of the Bank of Thailand, who formally took charge of the bank on 5 June, plans radical changes to monetary policy in Thailand.

Pridiyathorn Devakula was appointed governor of the central Bank of Thailand last week after the government fired governor Chatu Mongol Sonakul due to a row over monetary policy. He confirmed the bank was moving to a policy that is likely to lead to higher domestic interest rates.

Pridiyathorn Devakula also said that th