BoT preps measures for household debtThe atmosphere at Money Expo 2022, which kicked off on Thursday and runs until Sunday at Impact Muang Thong Thani. (Photo: Nutthawat Wicheanbut)The Bank of Thailand plans to implement new measures to ease household debt, focusing on lower-income borrowers. The low income and high debt burden for vulnerable groups is a key reason for the county's swelling household debt. Data sharing from all related parties is one method to help deal with the country's household debt, said the central bank. Adequate information should help both regulators and financial institutions to stipulate targeted measures helping borrowers better manage debt, he said.

Source: Bangkok Post May 13, 2022 09:33 UTC