Thailand Recorder

Latest News From Thailand

Market

The Bank of Thailand asks for cooperation from banks in issuing measures to protect people’s debts.

Bangkok, June 11 – The BOT reveals a discussion with commercial banks and leasing groups. find measures to help the debtor personal loan group hire purchase loan After the debt moratorium is over Confirmed to bring the policy interest rate to normal level.

Mr. Mathee Supapong, Deputy Governor for Financial Stability The Bank of Thailand (BOT) spoke about dealing with the problem of household debt and the accelerating bad debt that the BOT was not complacent. and discussed with financial institutions to ask for cooperation in implementing measures to help reduce financial costs and household debt of the people Fear of affecting the economic recovery It is expected to be concluded soon.

As for the draft law governing the hire purchase business and the leasing of cars and motorcycles, the BOT has now discussed with the leasing group. And is under consideration by the Office of the Council of State, which the BOT is preparing to support the implementation of such laws, such as gradual discussions with business operators and consumers. to ensure that When the law comes into force The Bank of Thailand will be able to supervise to protect consumers and maintain financial stability appropriately

Mr. Methee also pointed to the direction of policy interest rates that should be taken to a normal level (normalization) from the original relaxation To create a balance point, economic policies can be implemented more flexibly and believe that inflation is falling below the framework. will be temporary which will have to wait and see the policies of political parties After the establishment of the government, it will affect the inflation rate to accelerate. But still within the target range of 1-3 percent. – Thai News Agency

Source: Thai News Agency