News
BoT sets 2 paths for household debt
A central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%.If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household ...
Bangkok Post Reporter
Household debt could soar beyond 80% of GDP due to Covid-19 crisis: NESDC
The Covid-19 crisis has had a massive impact on household debt and it is expected to rise to more than 80 per cent of GDP, the National Economic and Social Development Council (NESDC), a state think-tank, has warned.Thai household debt stood at 79.8 per cent ...
The Nation Reporter
Household debt risks boiling over
The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB).Non-performing loans (NPLs) are surging ...
Somruedi Banchongduang
Household Debt in Thailand has Risen to a Record High
As the Thai Baht soars and the economy lags household debt in Thailand has risen to a record high of 340,000 baht per household. According to a poll on household debt, conducted by University of the Thai Chamber of Commerce.Thanawat Polvichai, a director at UTCC ...
Is it all the Bank of Thailand's fault?
Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.While most people understand the negative effects of the rising baht on exports and tourism, few can visualise the adverse consequences of high household ...
BoT sets expectations of lenders to keep down household debt
The Bank of Thailand (BoT) has revealed its new policy for loaning in order to control household over-indebtedness, which has been rapidly increasing.The BoT has set out five guidelines for banks to consider as the national overseer aims to ensure banks remain sustainable. Keep reading ...
The Nation Reporter
Policy rate change ‘unlikely’ this year
The Bank of Thailand (BOT) is expected to maintain its policy interest rate at 1.75 per cent until at least the end of 2019, according to TMB Analytics.The next meeting of the country’s Monetary Policy Committee will be on June 26, 2019. Many central banks ...
The Nation Reporter
Credit inquiries climbing as household debt swells
Credit inquiries at the National Credit Bureau (NCB) are expected to hit another record high this year amid mounting anxiety over swelling household debt. The number of credit inquiries for existing borrowers is estimated to reach 60 million this year after 12.6 million were made ...
Somruedi Banchongduang
NESDC keeping an eye on borrowing
The state planning unit is keeping a close watch on rising household debt after debt defaults on personal loans increased at a faster rate. The National Economic and Social Development Council (NESDC) reported on Fridaythat household debt in the third quarter of 2018 was equal ...
Chatrudee Theparat