MPC warns of financial risks among SMEs, households

MPC warns of financial risks among SMEs, households

Economic drags on loans and payments

Gradual and uneven economic recovery could affect financial stability among businesses and households in the period ahead, says the edited minutes of the Bank of Thailand’s Monetary Policy Committee (MPC).

Financial positions of business have become more fragile, particularly for tourism-related businesses as economic activities remain much lower than the pre-pandemic level, according to the latest edited minutes issued yesterday.

Small and medium-sized enterprises (SMEs) have limited access to credit due to higher credit risks, said the edited minutes.

Supant Mongkolsuthree, chairman of the Federation of Thai Industries, said earlier that some commercial banks hardly issued loans despite the…