Thai central bank warns on deteriorating debt serviceability
Bank of Thailand flags financial stability risks amid weakening macroeconomic outlook
The Bank of Thailand has warned of deteriorating debt serviceability for certain business sectors, small and medium-sized enterprises (SMEs) and households.
In a meeting summary, published on June 19, the BoT said debt serviceability is deteriorating despite signs of domestic economic recovery. The trend reflects both “the uneven nature of the ongoing recovery” and “the structural changes and competitiveness issues faced by SMEs”.
For the housing market, the BoT said there is oversupply in
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