Central Banking

Bangkok names new central bank board

The Thai government has appointed a new central bank board.

The new board has the power to replace the central bank governor and change the composition of the Monetary Policy Committee.

Reuters, a news agency, reported that some analysts had claimed that Bangkok's choice of members undermined the central bank's independence. The agency said that six of the 12 members were regarded by the analysts as supporters of Surapong Suebwonglee, Thailand's finance minister who disagreed with the central