(Adds detail)
BANGKOK, Feb 7 (Reuters) - Thailand's central bank will
support vulnerable debtors from the impacts of rising interest
rates, a deputy governor said on Tuesday.
There will be assistance in line with debtors' debt
servicing ability, Deputy Central Bank Governor Ronadol Numnonda
told a news conference.
Later this month, the central bank will also issue
guidelines to tackle household debt, including handling existing
debt and offering new responsible lending, he said.
Some borrowers with combined debt of 12 billion baht
($357.46 million) had received support under a scheme introduced
earlier, Ronadol said.
The central bank has raised its policy rate four times since
August and suggested further increases.
Thailand's household debt is among Asia's highest,
equivalent to 86.8% of gross domestic product (GDP) in the third
quarter of 2022.
The high level of household debt could disrupt economic
recovery and needs to be brought down to sustainable levels,
according to Governor Sethaput Suthiwartnarueput.
($1 = 33.5700 baht)
(Reporting by Kitiphong Thaichareon
Writing by Orathai Sriring
Editing by Kanupriya Kapoor)
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