Govt vows to tackle household debt
Relief schemes, lower interest rates likely
The government has vowed to tackle high household debt, incurred by credit card and personal loans, and offer measures to strengthen the competitiveness of local financial institutions in the long term.
Prime Minister Prayut Chan-o-cha said on Tuesday that all related agencies. including the Bank of Thailand (BoT) are being ordered to accelerate addressing the debt burden among various groups of people.
“If people have a high debt burden, especially at a young age, it will…
