Sunday, March 3, 2024

Addressing Thailand’s household debt problems (BoT)

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The Bank of Thailand has announced that starting in April 2024, measures will be implemented to address the ongoing issue of debt among vulnerable groups. These measures will include higher interest payments and assistance to help speed up debt repayment and reduce the burden of interest. The goal is to provide relief to those struggling with debt and create a more sustainable financial situation for these vulnerable groups.

By offering assistance and higher interest payments, the Bank of Thailand aims to alleviate the burden of debt for vulnerable groups in Thailand. This initiative is part of a larger effort to address the persistent issue of household debt in the country. The measures will be put in place in April 2024 and are expected to provide much-needed relief to those struggling with debt.

The announcement of these measures was made as part of the Bank of Thailand’s ongoing efforts to address household debt problems in the country. By offering assistance and higher interest payments, the Bank of Thailand aims to provide relief to vulnerable groups and create a more sustainable financial situation for these individuals.

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