Thailand's central bank is debating a reduction in interest rates for some consumer loans amid fears that lenders will reject high-risk borrowers and drive them towards loan sharks, an assistant governor said Wednesday.
Last month, Prime Minister Prayuth Chan-ocha asked the Bank of Thailand to review the ceiling of interest rates for credit cards and personal loans to help debtors and tackle high household debt, a move which has added to pressure on banks."We are still considering whether we will reduce or not. We have to look at the pros and cons," Assistant Governor Thanyanit Niyomkarn told a briefing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 Thai airlines seek US$152 million in government soft loansBANGKOK: A group of seven Thai airlines are seeking a combined 5 billion baht (US$152.16 million) in low interest loans from the Thai government ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
7 Thai airlines seek US$152 million in government soft loansBANGKOK: A group of seven Thai airlines are seeking a combined 5 billion baht (US$152.16 million) in low interest loans from the Thai government ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
BOJ ready to ease more if needed, says deputy gov AmamiyaBank of Japan Deputy Governor Masayoshi Amamiya said on Wednesday the central bank was ready to ramp up stimulus if warranted by economic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Dozen central Chinese cities under water as river banks burstBEIJING: Heavy rain pounded the central Chinese province of Henan on Tuesday (Jul 20), bursting the banks of major rivers, flooding the streets of ... 河南省鄭州被淹了 Germany the same , Belgium also same , now China , been two weeks ... Kuwait has got 74 degree celsius weather , Northern Saudi snowing in the desert , what's wrong with the climate now ?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
In battle over US$1 billion in gold, UK backs Guaido as Venezuela presidentLONDON: The British government sought to quash a bid by the Nicolas Maduro-backed Venezuelan central bank on Monday (Jul 19) to repatriate nearly ... UK knows better than people in Venezuela who their president is 😂 Why don't you call 'UK steals gold' just what is: 'UK steals gold'? Memo: To all developing countries: Send your gold to China for safe keeping. Trustworthy, honest and not a thief unlike the BOE
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil rises after slide but COVID-19, supply concerns weighOil prices stabilised on Tuesday after slumping around 7per cent in the previous session amid a broader market retreat led by concerns about a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »