BOT likely to take steps to contain Thai household debt as total exceeds THB15.09 trillion
Thai household debt rose to 15.09 trillion baht at the end of last year, after a 180-billion baht increase in the fourth quarter of 2022.
However, the debt-to-gross domestic product (GDP) ratio saw a marginal quarter-on-quarter decline from 87% to 86.9% in the fourth quarter of last year, according to Kanchana Chokpaisarnsilp, research executive at the Kasikorn Bank Research Center.
Overall household debt fell to a range of 85.5-85.8% in the first quarter of this year, which is the debt repayment period. Household debt level at above 80% is still considered high, Kanchana added.
The Nation Reporter
