Next central bank governor faces crisis with near-zero rateBank of Thailand Governor Veerathai Santiprabhob will complete his five-year term at the end of September. (Bangkok Post photo)Thailand is searching for a new central bank governor to steer the economy through one of its biggest crises in decades as traditional policy options run out. Bank of Thailand governor Veerathai Santiprabhob, 50, will leave the bank once he finishes his five-year term at the end of September, declining to stay on longer for family reasons. In recent months, the central bank set up facilities to support the corporate bond market and provided cheap funds to banks to lend to small businesses. In his five years in office, the central bank has failed to consistently meet its 1%-4% price goal, except for 2018.

Source: Bangkok Post June 23, 2020 00:56 UTC