Central bank throws red flag on loans | Bangkok Post: business

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Central bank throws red flag on loans

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The Bank of Thailand ramped up its warning that escalating household debt in recent years is posing a risk to the country's financial stability and warrants close monitoring. 

Two panels under the central bank - the Monetary Policy Committee (MPC) and the Financial Institutions Policy Committee - issued the statement on Saturday.

"Even though a portion of household debt was for houses and durable assets, the rapid increase could reduce household liquidity while threatening their debt service ability when risks increase," the statement said.

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