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Central banking amidst shifting ground

· Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (Thailand)

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· Sethaput Suthiwartnarueput Wiki · Bank of Thailand WikiCentral banking amidst shifting ground

ContextWelcome remarks by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, at the BIS-BOT conference on "Central banking amidst shifting ground", Bangkok, 2 December 2022.

Why it mattersThe Thai governor argues that mandates and independence face new pressure.

Problems raised
  1. The economic backdrop is changing rapidly.
  2. Conceptual frameworks for policy are shifting.
  3. Mandates and independence face pressure.
Solutions proposed
  1. Adapt policy frameworks to new challenges.
  2. Address risks in non-bank finance.
  3. Protect central bank independence.
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