Thailand’s newly appointed central bank governor, Vitai Ratanakorn, pledged to safeguard the independence of the Bank of Thailand while working closely with the government to address the nation’s mounting economic difficulties. Taking office on October 1, Vitai succeeds Sethaput Suthiwartnarueput at a time when Southeast Asia’s second-largest economy is under pressure from both domestic and global challenges.
Vitai emphasized that the central bank’s core mission remains ensuring macroeconomic stability and resisting political interference. He noted that while coordination with government agencies, particularly the finance ministry, is crucial for tackling structural issues and short-term disruptions, independence must remain non-negotiable to preserve credibility and stability in monetary policy.
Thailand’s economy faces significant headwinds, including high household debt, weak consumer demand, a strengthening baht, and U.S. tariff impacts. Prime Minister Anutin Charnvirakul’s administration has vowed to stimulate growth, but Vitai underlined that long-term solutions require collective efforts across multiple sectors. The central bank, he said, will play a central role in balancing economic growth with stability while fostering conditions for sustainable recovery.
Vitai also acknowledged the need for collaboration without compromising the bank’s autonomy. “It’s not just the central bank acting alone. We must work with all agencies to support the economy. But our independence is essential to achieving our mission,” he told reporters.
His leadership begins at a pivotal moment as Thailand seeks to navigate global economic uncertainties, strengthen resilience, and unlock growth potential. By reinforcing the central bank’s independence while aligning with broader government strategies, Vitai aims to strike a balance between stability and growth in steering the Thai economy forward.


U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks
Thailand Inflation Remains Negative for 10th Straight Month in January
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 



