New BoT chief flags local unrest

New BoT chief flags local unrest

Central bank sees uneven road ahead

The Bank of Thailand has expressed concern that the ongoing anti-government rallies could further weaken domestic consumption and tourism.

The central bank needs to keep a close watch on the situation, said newly appointed governor Setthaput Suthiwart-Narueput, who succeeded Veerathai Santiprabhob on Oct 1.

“Basically, the political factor is one of the uncertainties,” Mr Setthaput said. “It could affect the economy, particularly consumer confidence and tourism. The central bank has been monitoring the situation closely, especially how all the parties concerned handle the protests.”

The new…