Despite the swelling household debt level, the Bank of Thailand has not planned any immediate measures to address the problem for fear of aggravating the already sluggish economy.
Advertisements for personal loans are seen in Bangkok early last month. Household debt is estimated at 80% of gross domestic product at present. PATTARAPONG CHATPATTARASILL
Implementing strict measures could further cool down the economic growth amid tepid domestic consumption and weak global demand, particularly in China, said governor Prasarn Trairatvorakul.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.