BOT should step back from monetary policy : new deputy finance

"So far, the monetary policy of the BOT governor (Tarisa Watanagase) has been in the opposite way of the government's policy. The government wants to stimulate the economy, but the BOT has done the opposite thing," Suchart told a seminar earlier today.

He said he would meet BOT Deputy Governor Atchana Waiquamdee later today and would talke about the monetary policy issue with her.

And that he would discuss with the central bank about its stance on monetary policy.

"If they (BOT) still insist to continue the policy, either they or we must step back. The government must have its own stance like what they've implemented in the overseas," Suchart said.

He was speaking on his second day in office.

He said he would discuss about this issue with Finance Minister Surapong Suebwonglee and Virabongsa Ramangura, the chief economic advisor to the government.