Bangkok: Economists and analysts anticipate that the newly appointed Governor of the Bank of Thailand (BOT), Mr. Vitai Ratanakorn, will adopt a relaxed monetary policy approach, potentially benefiting the Thai stock market.

According to Thai News Agency, Dr. Thanawat Polvichai, President of the University of the Thai Chamber of Commerce, expressed optimism about Mr. Vitai's ability to effectively coordinate monetary and fiscal policies following his appointment by the Cabinet. Dr. Thanawat noted that the Minister of Finance likely aims for the BOT to enhance its societal contributions. Mr. Vitai's extensive experience across various sectors, including his leadership at the Government Savings Bank, positions him well to tackle issues such as household debt through a blend of monetary and fiscal strategies. Dr. Thanawat also believes that Mr. Vitai will adeptly manage interest rate directions to align with global market trends, thereby fostering stable and sustainable economic growth while continuing to support social initiatives.

Mr. Thetsak Thaweetiratham, Executive Director of Asia Plus Securities Co., Ltd., echoed this sentiment, suggesting that Mr. Vitai's relaxed monetary policy could positively influence both the money and capital markets. He emphasized that effective coordination between the Treasury and the Bank of Thailand could significantly accelerate economic recovery.