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Bangkok Post
Bangkok Post
Business

BoT considers rate cuts amid debt crisis

Staff of the Government Savings Bank provide services to customers at the state-run bank's booth at Money Expo 2023, Impact Muang Thong Thani on May 11. (Photo courtesy of Facebook: GSBSociety)

The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.

The central bank has been talking to the Thai Bankers' Association (TBA) and other related parties to find solutions to manage the country's swelling household debt.

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