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BoT preps measures for household debt

The atmosphere at Money Expo 2022, which kicked off on Thursday and runs until Sunday at Impact Muang Thong Thani. The financial exhibition offers attractive deals, including zero-interest loan rates. (Photo: Nutthawat Wicheanbut)

The Bank of Thailand plans to implement new measures to ease household debt, focusing on lower-income borrowers.

The central bank, in collaboration with the government and the private sector, has been considering household debt solutions, particularly to assist vulnerable borrowers classified as lower-income earners.

Helping this group of borrowers to increase its income is a major goal to strengthen their capability for debt repayment, said central bank deputy governor Ronadol Numnonda.

The low income…

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