Thai household debt to deepen further in midst of grim economy, says central bank


A street food vendor pushing his drinks cart in Bangkok. Thailand's central bank on Friday said that the country's household debt levels, already at the highest in 17 years, are expected to deepen further, triggered by the Covid-19 pandemic that crippled the tourism and export sectors. - AFP

BANGKOK, Oct. 22 (Xinhua): Thailand's central bank on Friday said that the country's household debt levels, already at the highest in 17 years, are expected to deepen further, triggered by the Covid-19 pandemic that crippled the tourism and export sectors.

"The pandemic had slashed jobs, reducing households' income and debt servicing ability," said Bank of Thailand (BoT)'s governor Sethaput Suthiwartnarueput.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Aseanplus News

Bird flu found in western China as US combats cattle outbreak
Laos experiences power shortage amid searing hot weather
Brunei King to hold state visit to Timor-Leste; first visit by ruler to country since relations established in 2022
China probes agriculture minister for suspected disciplinary violations
Visitors throng Konstabel Muhamad Syafiq's residence to pay last respects
40% revenue rights: Warisan tells Sabah govt to clarify if it authorised counsel to act on its behalf
Ulu Tiram attack: Injured policeman in stable condition, says Home Minister
Japan lawmakers begin talks on dwindling imperial line
Singapore F-16 crash caused by component malfunction and fleet to resume flying, says defence ministry
Ulu Tiram attack: 'I lost my brother, my best friend'

Others Also Read