Thai bank chief axed over rates
MARKET NEWS
BANGKOK -- A row over interest rates between the Thai government and the Bank of Thailand ended in acrimony last week with the sacking of the bank’s governor Chatu Mongol.
Thailand’s prime minister, Thaksin Shinawatra, and his cabinet fired Mongol after the central banker refused to change the bank’s policy of keeping interest rates as low as possible -- a strategy synonymous with kick-starting economic growth.
In his place the government has appointed Pridiyathorn Devakula, formerly head of the
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