NESDC keeping an eye on borrowing
The state planning unit is keeping a close watch on rising household debt after debt defaults on personal loans increased at a faster rate. The National Economic and Social Development Council (NESDC) reported on Fridaythat household debt in the third quarter of 2018 was equal to 12.56 trillion baht, an increase of 5.9% from the previous quarter, as consumers sped up their purchases of vehicles and especially houses ahead of new loan-to-value (LTV) limits coming into force in April.
Chatrudee Theparat
