ID :
144515
Sat, 10/02/2010 - 11:47
Auther :
Shortlink :
http://m.oananews.org//node/144515
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Resignation of deputy BoT chief won’t affect efforts to curb baht surge, says PM
BANGKOK, Oct 2 – Prime Minister Abhisit Vejjajiva on Friday indicated that the resignation of Bank of Thailand (BoT) Deputy Governor Bandid Nijathaworn would not affect efforts to curb the baht's fluctuation.
“It is a pity Mr Bandid decided to quit his post. Personally, I know him well. His resignation has not come from a different opinion on policy [to] Mr Prasarn Trairatvorakul, the new governor, because the latter has not yet started working at the central bank. I think the resignation was made for personal reasons,” he said.
Mr Abhisit said he understood all parties concerned shared a common view on the direction of the policy interest rate, although the Finance Ministry wants to review the matter.
Naturally, he said, outside agencies put a weight on economic expansion when considering the policy interest rate direction while the central bank has a duty to oversee economic stability.
“I think the policy adopted by the central bank on the interest rate does not go against that of the government,” he said.
Asked whether the resignation of the deputy BoT chief, who oversees the monetary stability, would cause a vacuum in efforts to address the baht surge, the premier said he did not think it would happen because the central bank had discussed the problem with the government all along and had a common understanding of a proper way to cope with the baht volatility. (MCOT online news)
“It is a pity Mr Bandid decided to quit his post. Personally, I know him well. His resignation has not come from a different opinion on policy [to] Mr Prasarn Trairatvorakul, the new governor, because the latter has not yet started working at the central bank. I think the resignation was made for personal reasons,” he said.
Mr Abhisit said he understood all parties concerned shared a common view on the direction of the policy interest rate, although the Finance Ministry wants to review the matter.
Naturally, he said, outside agencies put a weight on economic expansion when considering the policy interest rate direction while the central bank has a duty to oversee economic stability.
“I think the policy adopted by the central bank on the interest rate does not go against that of the government,” he said.
Asked whether the resignation of the deputy BoT chief, who oversees the monetary stability, would cause a vacuum in efforts to address the baht surge, the premier said he did not think it would happen because the central bank had discussed the problem with the government all along and had a common understanding of a proper way to cope with the baht volatility. (MCOT online news)
