Thai minister to propose Vitai Ratanakorn as next central bank chief, sources and Thai media say
The appointment of Mr Vitai, 54, the president and CEO of the Government Savings Bank, would be subject to cabinet and royal approval. He would serve a five-year term starting Oct 1.
The government sources declined to be identified because they were not authorised to speak to media. The finance minister's decision, from among two candidates, was reported by the Manager and Thansettakij news outlets on Tuesday.
If appointed, Mr Vitai would succeed Sethaput Suthiwartnarueput, who could not seek a second term as he has reached retirement age.
Mr Vitai has a master's degree in finance from Drexel University in the United States, as well as degrees in economics and law from Chulalongkorn and Thammasat universities.
The new governor faces a tough task of supporting a struggling economy facing tepid consumption, high household debt and steep US tariffs, with limited monetary policy room.
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