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Laying the foundations for a sustainable recovery

· Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (Thailand)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, public finances and debt

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· Sethaput Suthiwartnarueput Wiki · Bank of Thailand WikiLaying the foundations for a sustainable recovery

ContextKeynote address by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, at the Stock Exchange of Thailand: Thailand Focus 2023 "The New Horizon", Bangkok, 23 August 2023.

Why it mattersThe governor introduces responsible lending rules to address household debt.

Problems raised
  1. Household debt in Thailand is high.
  2. Recovery is uneven.
  3. Lenders may not always lend responsibly.
Solutions proposed
  1. Implement responsible lending rules.
  2. Help persistent debtors with assistance.
  3. Keep monetary policy supporting sustainable recovery.
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