New relief package to sustain debtors
The Bank of Thailand is to unveil a relief package today to help debtors ravaged by the coronavirus pandemic, as the three-month blanket debt holiday is expiring at the end of this month.
“The regulator considers the ceiling rate reduction for credit cards as reasonable because funding costs for business operators have fallen after the recent policy rate cuts,” said Thakorn Piyapan, head of Krungsri Consumer, an unsecured lending unit of Bank of Ayudhya.
Somruedi Banchongduang
