Bank of Thailand reports excess liquidity despite high household debts hampering growth.

The Bank of Thailand reports that the country's banking system has significant excess liquidity, despite the central bank not tightening lending rules. Assistant Governor Sakkapop Panyanukul noted this has been an ongoing issue for a decade. However, high household debt levels are hindering economic growth, and the government is pushing banks to increase lending while still adhering to responsible lending practices.

November 25, 2024
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