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Household debt at 15-year high

Household debt at 15-year high
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Household debt ratio eases slightly

The country’s household ratio eased to 86.8% of gross domestic product in the third quarter from 88.1% in the previous quarter, the Bank of Thailand said on Friday, as the economy continued to recover.

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Central bank worries about high household debt levels

The Bank of Thailand (BoT) is worried about high household debt levels, an official said on Thursday, as the debt ratio hit 90.1% of gross domestic product at the end of 2021 amid a slow economic recovery.

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